塞德伯格的禅宗平静只被许多生物所打扰，其中包括一只咬狗的豹子

加里·斯奈德（Gary Snyder）本来会如鱼得水。但许多生物让我们保持警惕，其中包括一只用狗咬伤人的豹子（值得庆幸的是，我们从未遇到过它）。

Veteran investor Dave Marrs unpacks his investment strategy for 2023, revealing his approach, key stock picks, and reflections on past investment decisions.

资深投资者戴夫·马尔斯 (Dave Marrs) 阐述了他的 2023 年投资策略，揭示了他的方法、关键股票选择以及对过去投资决策的反思。

Marrs, who has been investing for over three decades, shared his experiences and insights in an article published by Business Day. He begins by describing a recent family vacation in a remote part of the Cederberg, where the only other person he saw for days was his wife. The peaceful vista and natural surroundings provided an opportunity for reflection and contemplation.

拥有三十多年投资经验的马尔斯在《商业日报》发表的一篇文章中分享了他的经验和见解。他首先描述了最近一家人在塞德伯格的一个偏远地区度假的情况，几天来他唯一见到的人就是他的妻子。宁静的景色和自然环境提供了反思和沉思的机会。

Despite the tranquility of their surroundings, Marrs and his family encountered various creatures that kept them on their toes, including a dog-mauling leopard (which they thankfully never encountered), surreal red Roman “spiders,” an angry bee swarm, a baboon spider on the balcony rafters that appeared large enough to take out a bird, and an armored cricket tucked among the dishes stacked for washing up.

尽管周围环境宁静，马尔斯和他的家人还是遇到了各种让他们保持警惕的生物，包括一只用狗咬人的豹子（幸好他们从未遇到过）、超现实的红色罗马“蜘蛛”、一群愤怒的蜂群、一只狒狒蜘蛛阳台的椽子似乎大得足以取出一只鸟，还有一只甲蟋蟀藏在堆放的洗碗碟中。

The encounter that seemed to rattle everyone the most was with large locusts sporting Eastern Province rugby colors, which left Dexter, their stout Jack Russell/mastiff cross, badly shaken despite his usual stoicism.

这次遭遇似乎最让每个人感到不安的是与东部省橄榄球颜色的大型蝗虫的遭遇，这让德克斯特，他们的粗壮的杰克罗素/獒犬杂交品种，尽管他一贯坚忍不拔，但还是受到了严重的震动。

Marrs' wife preferred the catch and release option for pest control, keeping a Tupperware container at the ready, while he favored bludgeoning them with a baseball bat. Their son arrived on Christmas Day, which was not a moment too soon as they had begun bickering about how many lemon slices to wedge into their gin and tonics.

马尔斯的妻子更喜欢用捕捉然后释放的方式来控制害虫，她准备了一个特百惠容器，而他则喜欢用棒球棒猛击它们。他们的儿子在圣诞节那天到达，这还不算太早，因为他们已经开始争论要在杜松子酒和补品中加入多少柠檬片。

There were two particularly sweltering days when the temperature topped 40°C, and predictably, on both those days, Marrs' trusty bakkie suffered two punctured tires. He had to jack the car up in soft sand and lug around heavy off-road tires.

有两天特别闷热，气温高达 40°C，不出所料，Marrs 值得信赖的 Bakkie 在那两天轮胎都被刺破了。他必须在松软的沙地上用千斤顶把车顶起来，然后拖着沉重的越野轮胎。

In between these exertions, Marrs did find time to reflect on his investment strategy. He noted that while he had been investing for three decades, he couldn't claim any great scores. Intense self-scrutiny would put that down to a lack of patience. And, of course, not learning from his mistakes — something he only seemed to manage when he had a bat and ball in hand.

在这些努力之间，马尔斯确实抽出了时间思考他的投资策略。他指出，虽然他已经进行了三十年的投资，但他并没有取得任何伟大的成绩。强烈的自我审视会将其归咎于缺乏耐心。当然，他也没有从错误中吸取教训——他似乎只有在手里拿着球棒和球时才能做到这一点。

He famously took a profit on Naspers when it more than doubled from R18 to R42. He did the same with Richemont some years back — and with Hosken Consolidated Investments (HCI) and Sasol (both during their respective Covid collapses). Now, he wonders if he shouldn't have taken a profit at Brait and Kore Potash.

当 Naspers 从 R18 翻倍至 R42 时，他获利了结。几年前，他对历峰集团（Richemont）以及霍斯肯联合投资公司（HCI）和沙索公司（均在各自的新冠疫情期间倒闭期间）也做了同样的事情。现在，他想知道自己是否不应该在 Brait 和 Kore Potash 获利。

Marrs feels he might be best suited for investments that he can practically not exit — such as unlisted whisky business Capevin, which appears to be reaching an intriguing juncture with Campari emerging as a significant shareholder (alongside Remgro).

马尔斯认为，他可能最适合那些他几乎无法退出的投资，例如未上市的威士忌企业 Capevin，该公司似乎正处于一个有趣的时刻，金巴利 (Campari) 成为重要股东（与 Remgro 一起）。

So entering the new year, he is trying his level best to invest in counters that he won't get shaken out of by short-term setbacks. So far, he has started building holdings in AB InBev, Reinet, Grindrod, Prosus (a post-list purchase), and Sasol with Bidcorp, HCI, Remgro, African Rainbow Minerals, Oceana Group, AECI, and the JSE on his watch list.

所以进入新的一年，他会尽最大努力投资那些不会被短期挫折所动摇的股票。到目前为止，他已开始增持百威英博、Reinet、Grindrod、Prosus（上市后购买）和沙索，并将 Bidcorp、HCI、Remgro、African Rainbow Minerals、Oceana Group、AECI 和 JSE 列入他的观察名单。

Marrs is now 16.5% up on Sasol. This is certainly a better short-term outcome than he could have reasonably expected. But he will resist capitulating.

Marrs 现在比 Sasol 上涨 16.5%。这无疑是一个比他合理预期更好的短期结果。但他会抵制投降。

While he's positioning himself in earnest for the long-term winner (with my Nasdaq-verskrik son scoffing “At your ripe old age?”), there are developments that can sorely test such a resolve.

虽然他认真地把自己定位为长期赢家（我的纳斯达克-verskrik儿子嘲笑“你已经年老了？”），但有些事态发展可以严峻考验这种决心。

Our Hot Stocks cover story illustrates some seriously impressive returns from selected local stocks; Argent Industrial, with an 80%-plus gain, was the one that really caught my eye.

我们的热门股票封面故事展示了精选本地股票的一些令人印象深刻的回报； Argent Industrial 的涨幅超过 80%，是真正吸引我眼球的。

But that's pedestrian compared with statistics released around the top-performing meme coins for 2024. According to data from kryptocasinos.com (I kid you not), Just a Chill Guy was the top-performing meme coin with a 52,004% increase. Second-placed Andy managed a 47,000% increase, and Degen was a distant third with a 42,318% gain.

但与 2024 年表现最好的 meme 代币发布的统计数据相比，这只是平淡无奇的。根据 kryptocasinos.com 的数据（我没骗你），Just a Chill Guy 是表现最好的 meme 代币，增长了 52,004%。位居第二的 Andy 增长了 47,000%，而 Degen 则以 42,318% 的增长远远落后于第三。