Investors collectively continue to have a positive bias towards their assessment of economic progress, and by extension, this continues to be reflected in generally rising stock market valuations. This is good news indeed, and we fully encourage a positive bias in the longer-term. There is good reason for optimism about a continuing economic recovery. The … Continue reading March Update, 2021: Counting Your Chickens →

This one is not about Facebook. This is about the social network called the stock market, as seen through the lens of GameStop. [Common sense says] that when people make decisions about what they like, they do so independently of one another. But people almost never make decisions independently — in part because the world … Continue reading February Update, 2021: The Social Network Is Us →

“If something is impossible to know you are better off not being very smart, because smart people fool themselves into thinking they know while average people are more likely to say, “I don’t know” and end up closer to reality.”Morgan Housel Sitting by a fire, on a nice big, soft, well-worn couch, catching up with … Continue reading January Update, 2021: Know What You Don’t Know →

Well, that was quite the month! Mr. Trump was told to vacate the premises and contrary to his forecast, the markets did not crash. In fact, they jumped the most in a month since well before my career started 35 years ago. Our sense is that Mr. Trump will continue to captivate a certain percentage … Continue reading December Update, 2020: What a Month it has Been! →

Okay, so the election is over…kind of. Trump continues to keep his lawyers busy, and make headlines as a result, but it is increasingly looking as if he’s screaming into the woods with fewer listening, including judges. It was interesting to note that during Trump’s Thursday night briefing, filled with accusations of voter fraud, that … Continue reading November Update, 2020: The Trend is Your Friend →

The month of September has passed with a loss of about 5% for the S&P 500.  Underneath the surface, however, there was more turbulence. The winning stocks of the year, those most immune to the ails of the pandemic (Apple, Amazon.com, Facebook, Google, and Microsoft), fell roughly 10% compared to the average stock, giving credence … Continue reading October Update, 2020: Blowin’ in the Wind →

The summer is drawing to a close and all eyes are on the back to school situation. Will COVID-19 jump back onto centre stage and cause the recovery to stall? Will stock prices hold up if things take a turn for the worse? Will the election south of the border plunge society into uncertainty if … Continue reading September Update, 2020: Back to School (Hopefully?) →

The great debate about certain technology companies and their ill effects on society were center stage last week when the CEO’s of Apple, Amazon, Facebook, and Google were grilled by the U.S. Congress. Both the Left and the Right want to punish and/or regulate ‘Big Tech’ but they don’t agree on what those regulations should … Continue reading August Update, 2020: The $2 Trillion Race →

Happy belated Canada Day, and to our American friends Happy Independence Day today! V for Vendetta, a futuristic movie released in 2006, is about the struggle between freedom and the state in Britain in the year 2020. The movie follows similar themes to George Orwell’s book, 1984. As with many futuristic portrayals of society, a … Continue reading July Update, 2020: V for Vendetta →