As published in Finance et Investissement on 6 March 2024 (in French), and Conseiller on 25 March, 2024. There is a wide subset of different variables that can affect a business and lead it into […]
Question: In a fast-changing world of high-tech and geopolitical challenges, can you explain what having a “moat” means today? How can a small investor know if a company has a sustainable competitive advantage? — Cassandra […]
As published in CFA Institute Enterprising Investor on February 12, 2024 Global M&A plunged to a decade low last year, with $2.9 trillion in deal value announced, a 17% decline from the prior year. Dealmakers […]
First published in Financial Post: FP Answers on January 26, 2024 Question: In 2023 investment returns were primarily driven by the “Magnificent Seven”, U.S.-based, high-tech stocks. What about Canadian high-tech? What should investors look for […]
As seen in the Globe & Mail on January 15, 2024 (for subscribers only) “Never, ever, think about something else when you should be thinking about the power of incentives.” – Charlie Munger There is […]
As published in Finance et Investissement on 8 January 2023 (in French). After a year when many buyers and sellers were waiting on the sidelines for improved visibility and a better environment to make deals, 2024 could […]
As seen in Financial Post: FP Answers on December 29, 2023 Q: I’m wondering if this is a good time to lean into fixed-income investments versus equities? Assuming this may be the case, how would an investor […]
As seen in Financial Post: FP Answers on December 8, 2023 Q: What is the difference between nominal and real return for an investment portfolio and why does it matter? A: Inflation in Canada has come down […]
Pender’s 12 Days of Holiday Reading & Listening – 2023 December 1st, 2023 Written by PenderFund PenderFund’s 12 Days of Holiday Reading and Listening is here! This year, the Pender Investment Team reflects on the […]
As published in Finance et Investissement on 29 November 2023 (in French). Since early autumn, La Belle Province has seen a significant uptick in mergers & acquisition deal activity among small cap companies. To date, several Quebec-based […]
As seen in Financial Post: FP Answers on November 24, 2023 Q:What role do dividends play in a balanced portfolio? What are some dividend-investing approaches or strategies? And is there ever a time when dividend investing doesn’t make sense […]
As featured in FundLibrary on November 22, 2023 Conditions ripe for increasing small-cap M&A activity Global merger and acquisition (M&A) activity totaled $2 trillion through the first three quarters of 2023, a 27% decline from […]
As published in Conseiller on 20 November 2023 (in French) In his recent memo for Oaktree Capital Management, Howard Marks opines that to achieve a superior long-term record, an investor should strive to do “a […]
As published in CFA Institute Enterprising Investor on October 26, 2023 In mystery writer Agatha Christie’s novel Hallowe’en Party– the film version by Kenneth Branagh is out in theatres now—a young guest who may have […]
As published in Finance et Investissement on 25 October 2023. In his recent memo for Oaktree Capital Management, Howard Marks opines that to achieve a superior long-term record, an investor should strive to do “a […]
As seen in Financial Post: FP Answers on October 20, 2023 Q4: What are some indicators to consider whether a stock is a value buy or a value trap? What management and business attributes can be used […]
On October 4, 2023 the CFA Society Toronto hosted its 66th Annual Investment Dinner with the keynote from economist and professor Ajay Agrawal, founder of Toronto’s Creative Destruction Lab, which boasts one of the greatest […]
On September 21st the CFA Society of Toronto hosted their annual conference where leading speakers from the financial and academic communities presented on a range of timely topics— even recording a live podcast episode. Here […]
As seen in Financial Post: FP Answers on September 29, 2023 Q: After a couple of lucky small cap stock picks, I’m becoming more interested in adding small cap stocks to my portfolio. Small cap […]
As published in Finance et Investissement on 27 September 2023 Materials, healthcare, and consumer staples remain the bright spots in global M&A activity which is down from $2.56 trillion to $1.84 trillion through the first […]
As seen in the Globe & Mail on September 20, 2023 (for subscribers only) What is ‘scuttlebutt’? And, how can using scuttlebutt generate alpha—that coveted, yet often illusive investment metric that measures excess return relative […]
