AccentWealth: Tim Staermose, Founder of African Lions Fund, on Investing in African Markets

Tim Staermose is the founder of the African Lions Fund, which invests in sub-Saharan African "Frontier" economies, excluding South Africa. Tim is also an investment writer, and his website - www.GlobalValueHunter.com - is full of global value investing ideas.  SUPPORT THE ACCENT ON PATREON: https://www.patreon.com/theaccentpodcast TIMESTAMPS  01:10 Perception of Africa (Factfulness book)  08:25 Long or Short-term opportunity: Main Thesis  13:25 Asian model will not work in Africa  16:10 Leading Industries  18:35 Valuations in Africa  21:55 Investment process  29:25 Banking Industry in Africa  32:10 Position sizing  35:10 Hedging  38:50 Taxation of the fund  40:15 Largest position (NMB Bank - Tanzania)  48:45 Recent investments (KCB Bank, Equity Bank, Safaricom – Kenya)  52:40 Selling stocks