Alec Hogg: Jannie Mouton – Thinking more, doing less – and generating 51% a year for two decades

By Alec Hogg

I visited with PSG [JSE:PSG] founder Jannie Mouton in his peaceful Stellenbosch office last Friday. Much of the conversation will be shared in the days ahead.

A good place to start is with what Jannie is reading at the moment.

As expected, the man often described as the “Boere Buffett” has been studying Warren Buffett’s latest letter to shareholders, distributed last weekend.

He was recently given William Thorndike’s The Outsiders, an excellent hardcover focusing on eight CEOs the author rates as the best capital allocators ever.

Mouton, whose PSG has generated a 51% annual return since inception 20 years ago, deserves a place among them. Like those eight, he’s an iconoclast.

The following graph shows PSG's share price

And he also invests his days reading and thinking, rather than doing. A role model for any budding billionaire.

* For more in-depth business news, visit biznews.com or simply sign up for the daily newsletter.

ZAR/USD
16.98
(-0.23)
ZAR/GBP
21.23
(-0.06)
ZAR/EUR
19.15
(-0.17)
ZAR/AUD
11.80
(-0.12)
ZAR/JPY
0.16
(-0.25)
Gold
1774.31
(+0.03)
Silver
18.02
(-0.04)
Platinum
808.00
(+0.25)
Brent Crude
42.78
(-0.79)
Palladium
1914.01
(+0.62)
All Share
54521.90
(-0.17)
Top 40
50179.89
(-0.26)
Financial 15
10150.02
(-0.64)
Industrial 25
76554.73
(+0.52)
Resource 10
50138.02
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1609 votes
I am taking a hit, but should be able to recover in the next year
23% - 2115 votes
My finances have been devastated
35% - 3173 votes
It's still too early to know what the full effect will be
25% - 2295 votes
Vote