BNC#9 | Shapiro Q&A: SA's ideology problem, reading market signals, and how AI tripled his output

At BNC#9, veteran stockbroker David Shapiro told delegates that AI had roughly tripled his own output, and he is not slowing down at 78. He argued that South Africa's real obstacle is not regulation but ideology, and that it is costing the country a venture capital industry, a functioning collateral-free lending market, and a mining sector he believes is sitting on far more gold than it is using. He also explained why he cannot make a living from the JSE alone, why he sends most of his clients' money offshore, and the one signal he trusts more than any headline: what the share price is actually doing while the story is still being told.