“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 performance in a decade, and there was little respite elsewhere, […]
“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 guru Ben Graham, Mr. Credit Market’s mood went from […]
“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 posted negative results on the back of higher rates. The […]
“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 sometimes doing the ‘best’ […]
Exit Stage Left| January 2019
“All the world’s a stage, And all the men and women merely players” William Shakespeare From his days as a businessman and TV personality to his tenure in the White House, the President has never shied away from the spotlight. With his and China’s cold trade war representing the greatest source of risk and uncertainty […]