Jan 11, 2019 | Monthly Commentaries
“Only time will tell if it was time well-spent.” Jimmy Buffett With calendars flipping from December to January, we rang in the new year and bid adieu to 2018. For most portfolio managers and investors, this was not a sad farewell. Equities endured their worst...Dec 7, 2018 | Monthly Commentaries
“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” Benjamin Graham Although November marks the Day of Remembrance, for most credit managers it was a month they’d rather forget. To borrow an analogy from investment...Nov 8, 2018 | Funds, Monthly Commentaries
“Every time we do something great, he raises the interest rates.” Donald Trump To get the bad Hallowe’en puns and movie references out of the way, Red October offered investors more tricks than treats. The S&P and TSX were down over 6%, and bond funds...Oct 11, 2018 | Monthly Commentaries
“If you think your teacher is tough, wait until you get a boss. He doesn’t have tenure.” Bill Gates On the list of things not to lose, our jobs typically rank pretty high. That’s why, as our mothers encouraged us to, we come to work ready to do our best. But...Sep 11, 2018 | Monthly Commentaries
“I like putting all my eggs in one basket and then watching the basket very carefully.” Stanley Druckenmiller Last month, we looked at the trend in wealth management of constructing more diverse portfolios as a means of risk reduction. We even drudged up Peter...Aug 9, 2018 | Monthly Commentaries
“The idea of excessive diversification is madness.” Charlie Munger The route to creating and building wealth usually involves concentrated bets. Entrepreneurs notoriously put all their eggs (and often some borrowed ones) into a singular basket. Others pursue and...
