Commentaries 31 Oct 2020 Small Cap Allocations In a recent consultant conversation, I wondered why Canadian investors had shied away from small cap strategies over the past…
Commentaries 31 Aug 2020 Specific Market Risk Listening to the “experts” on the TV or, heaven help us, reading their opinions in the newspaper, one might believe…
Commentaries 31 Jul 2020 What’s it worth? True, there are those who don’t really try to answer that question. For example, some momentum strategies have a valuation…
Commentaries 31 May 2020 All things must pass As many of you know, our key message to clients and allocators is that investing begins, and ends, with people…
Commentaries 30 Apr 2020 The Pandemic Lockdown The devastating blow of the pandemic lockdown continues to unfold on the global economy, causing a near-stop to travel, migration,…
Commentaries 29 Feb 2020 Goodhart’s Law Our February comment was released following a difficult final ten days of the month - not that it relates to…
Commentaries 31 Jan 2020 Appealing to Interests This month our CIO, Linda Lebrun, outlines why we believe management ownership of corporate stock best aligns them with shareholders.…
Commentaries 30 Nov 2019 The Narrative This month we speak to the narratives that pervade the investment ecosystem. Skimming through Damodaran’s “tribes” (storytellers and number crunchers)…
Commentaries 31 Oct 2019 Oils Not Well In a stunning announcement November 1st, Pengrowth Energy Corp. announced its sale to Cona Resources Ltd. for five cents a…
Commentaries 31 Aug 2019 Time to Slow Down The four most dangerous words in investing are “this time it’s different” according to John Templeton. At stock market tops,…
