Make Money Mondays

Economist-superstar Dawie Roodt opens up about money

I grew up like Heidi in the mountains… we didn’t have electricity…

Dawie Roodt, The Efficient Group

I made about R1 per day selling newspapers… that was my first job!

Dawie Roodt, The Efficient Group

The money was flowing into my bank account like rivers… I then went long… the market collapsed and there was not a single buyer in sight! It cost me a lot of money, but I learned a lot.

Dawie Roodt, The Efficient Group

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays” feature.

This week he interviewed The Efficient Group Chief Economist Dawie Roodt.

Roodt is one of South Africa’s most well-known and respected economists.

He specialises in fiscal and monetary policy.

What is it about money that keeps this über-economist up at night?

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I became an economist because it was the only subject I could pass!

Dawie Roodt, The Efficient Group

I thought ‘B.Comm’ sounds nice… I enrolled at Unisa, and passed!

Dawie Roodt, The Efficient Group

Economics is about people, not numbers!

Dawie Roodt, The Efficient Group

I think Bitcoin is a wonderful speculative opportunity.

Dawie Roodt, The Efficient Group

I grew up on grasshoppers, mopane worms, wild honey… We spent most of our time fishing…

Dawie Roodt, The Efficient Group

Don’t work for a big company!

Dawie Roodt, The Efficient Group

You need good skills, not necessarily qualifications.

Dawie Roodt, The Efficient Group

I failed everything in my second year.

Dawie Roodt, The Efficient Group

My best money decision ever was to leave the South African Reserve Bank.

Dawie Roodt, The Efficient Group

The best thing that I have done was to try stuff.

Dawie Roodt, The Efficient Group

I collect fish… I’ve got a huge tank at home… it’s the size of a tiny swimming pool…

Dawie Roodt, The Efficient Group

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This article first appeared on 702 : Economist-superstar Dawie Roodt opens up about money


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