Segment: I Fire Anyone Who Fools Around - No Cousins or Brothers Work in My Company

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Recorded05 May 2026

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Show notes

From working 27 years in corporate across Japan and South Africa to investing over 2 million US dollars in a catfish farm in Ghana to learning the brutal truth that nobody will listen to you when you tell them how to think about risk even if you were the only black equity analyst in Japan nominated by Nikkei as one of the top 15 analysts because you need to let your life shine and people will see what is actually happening to you proving that actions speak louder than credentials and experience, the former senior portfolio manager at Mazi asset management who became head of research managing billions in assets for clients but always knew he would come back to Ghana to do something even though he could have come earlier because he was making very very good money and his aim was capital accumulation working for companies that paid him very well, the stock market expert who survived the Japanese bubble burst when banks collapsed and companies had issues watching as a foreigner wondering what was going to happen but fortunately by the grace of God survived the turbulence when his company was acquired by Mitsubishi UFJ Bank and the parent company was taken over by a consortium led by SoftBank Masayoshi Son, the analyst who moved from the sell side investment banking where companies like Databank and GCB Securities have access to the stock market and just recommend stocks to the buy side where you receive money and invest in stocks for clients creating portfolios and putting actual money in so if it falls the client is going to talk to you unlike the sell side where if the stock falls you hide and don't take calls, the entrepreneur who toured with the idea of setting up his own asset management company in Ghana but looking at the Ghana Stock Exchange set up in 1989 or 1990 the trading volume is dominated by probably one company MTN followed by GCB making it very difficult as a portfolio manager in South Africa to get stocks to buy in Ghana because the liquidity is not there and if you found an interesting company you don't get financial data wondering why the stock exchange allowed those companies to be listed when they are not providing their financials, the visionary who had aquaculture in his mind along with a fitness club and a garage because he came to Ghana and saw Ghanaians fixing cars while foreigners counted the money asking why can't I do it when it's just a question of getting the spare parts getting somebody to look after the warehouse very well and the Ghanaians doing it and probably giving them shares in whatever you set up, the risk thinker who explains that the risk concept in Asia is different from what we are taught in Ghana because when we say something is risky we think it's dangerous and you lose money but that's not how they think about risk and if you look at the Chinese characters for risk the two characters pronounced kiki mean danger and opportunity so you see danger and opportunity together, the opportunity seeker who says when you see risk you don't run away but ask is it very dangerous and where is the opportunity and is the opportunity bigger than the danger because he grew up there and lived with them so it became part of him and when he looks at Ghana yes it's risky but where lies the opportunity and where is the danger, the founder and CEO of Wadicair Farms the award winning farm of 2025 who moved to Ghana in 2021 after working many years in corporate making very very good money and moving to South Africa to join Mazi asset management was actually a huge pay cut but his aim was to set up a black owned asset management company where he was head of research and senior portfolio manager for a mandate in Africa excluding South Africa. Host: Derrick Abaitey

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