Newsletters

We hope that this letter finds you healthy and in good spirits. The year 2020 is one that we will all remember (and not fondly). Our hope is that you and your family members are managing well through this remarkable period of crisis. We are encouraged to see progress on slowing of the pandemic that […]

We hope that this letter finds you healthy and in good spirits. These are trying times for everyone. It doesn’t help our collective psyche that the coronavirus pandemic precipitated a market crash in the order of a ~ 35% drop on the S&P 500. It is not much of a salve to investors, but we […]

We hope that this letter finds you well. We had prepared a letter for you at an earlier date but decided to rework the original draft to include commentary on recent events. We had planned to talk about high valuations and downside risk but the coronavirus spread and ensuing stock market panic pre-empted that discussion. […]

We write today with our thoughts on two topics: the threat of recession and our thoughts on a few recent gloomy articles about prospective returns to a balanced portfolio of U.S. stocks and bonds. Is a recession imminent and, if so, what does it mean for my investments? With respect to the first question the […]

We write today with some thoughts on a few topics. First, how to deal with stocks and other investments that have significantly appreciated in price? To be sure, this is a nice problem to have. Second, our thoughts on a recent article in the Financial Post. We often field questions about stocks and other investments […]

Last quarter we talked about the Q4 correction and a general feeling of unease on the part of investors about the length of economic expansion and bull market in Canadian and U.S. stocks. To recap, the Canadian and U.S. economies and stock markets have been in an expansive or “bull” phase since the financial crisis […]