David Shapiro

Creator

David Shapiro

David Shapiro is one of the JSE’s most well-known veterans – a stockbroker with more than 50 years’ experience in the markets. A prolific voice in South Africa’s business media, Shapiro is the global equity strategist at Sasfin Securities, an unashamed fan of Big Tech, and a long, long suffering Arsenal supporter.

Picture: Pexels/Ketut Subiyanto; Instagram/@markellwashington/adadocesaro; Rawpixel; FM collage

The Instagram Illusion 

In the end, investing is easy. Your (bad) behaviour is the problem

Picture: BLOOMBERG

BROKERS’ NOTES: Buy SpaceX, sell Boeing

David Shapiro, Otto1890 chief global equity strategist

Janus split face. Rawpixel/Currency

Mr Market in the age of semiconductors 

By any rational measure, ASML and TSMC’s results are outstanding. But Mr Market is not keen to play ball

US celebrations. Rawpixel/Currency

A summer of celebrations in America

A trip to the US, complete with a graduation, basketball and the World Cup, reminds David Shapiro that joy is best when shared

JSE outcry system. Photographer GraemeWilliams/South/Gallo; Rawpixel; Currency collage

Bye-bye outcry: 30 years since the pandemonium ended

The weaknesses of the open outcry system were legion, but so was the exhilaration. David Shapiro looks back on a long-gone JSE rite of passage

LONDON, ENGLAND – MAY 18: An Arsenal fan holds up a sign saying ‘ 22 years of waiting ends this season’ in reference to Arsenal possibly winning the Premier League ahead of the Premier League match between Arsenal and Burnley at Emirates Stadium on May 18, 2026 in London, England. (Photo by Catherine Ivill – AMA/Getty Images)

Arsenal: a century of family devotion

The Shapiro family’s loyalty to the football club began in 1927, when a feature on the club lit a spark in a young Jewish Joburg immigrant

Statue of liberty. Gary Hershorn/Getty Images

What does America mean, now?

Six weeks in the US reveals a nation balancing memory, political debate, economic transformation and everyday resilience

Warren Buffett retiring. George Pimentel/Getty Images

Me and Warren B

Warren Buffett gave us something money can’t buy: a way to laugh at the market’s absurdities while still believing in its promises

Investing roulette. Rawpixel/Currency collage

Put everything on black (or AI, or gold)

Sometimes, the best stock market returns come from having the courage to concentrate – not diversify

JSE ET nostalgia. Picture: Rawpixel/Currency collage

Don’t let JSE nostalgia overrule your investment choices

The JSE’s dollar returns were all made in the first decade of the 2000s – and it’s unlikely that history will repeat itself

Worst Day Markets

My worst day in the market

“It was October 1987: a mad time for stockbrokers because we were in the middle of a global listings boom. It made subsequent booms pale in comparison; you really could list a…