A lot has changed…

Technology has made the world smaller. Things move fast and things change even faster. The news, views, and concerns of the world make it to our screens in the matter of seconds. When it comes to wealth management and investing, it can be hard to keep perspective.

November 22, 2019

Deflating the Index Fund Bubble Argument

Back in September, Bloomberg released an interview with hedge fund manager Michael Burry (link). Burry is famous for predicting the housing market bubble of 2008; he is even depicted by Christian Bale in “The Big Short” film, based on the book by Michael Lewis. In this interview, however, Burry expressed […]
October 7, 2019

RESULTS at a glance – 3Q19

Trends from the first half of the year continued into the third quarter of 2019. Canadian and U.S. markets sustained their turbulent upward trajectory while 10-year government yields continued to sink, with the Federal Reserve cutting rates twice since the end of July. With the Bank of Canada holding steady […]
August 19, 2019

Attention to Detail – August 2019

Strategic Value Investing: Industry Analysis (GuruFocus) In the world of active management, investors can be easily infatuated by the qualities of a company. A business with healthy margins, high historical growth rates, and a solid balance sheet may stand out as an attractive buy. But as this month’s article points […]
July 19, 2019

RESULTS at a glance – 2Q19

Canadian and U.S. markets hit new highs this year, recovering their losses from the December drop of 2018. A pause in rate hikes has led to a decline in bond yields, and the Federal Reserve’s dovish tone towards the economy has allowed the Canadian dollar to appreciate. Oil prices have […]
June 14, 2019

The Buyback – Why You Shouldn’t Shut Down Non-Dividend Stocks

“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” That’s a quote from John D. Rockefeller, the first U.S. billionaire in history, and while investors today (hopefully) have other joys in life, many within the value investment community share Rockefeller’s love for […]
May 7, 2019

Richard Coffin receives his CFA designation!

WDS proudly announces that Richard Coffin, the newest face at the company, has received his Chartered Financial Analyst (CFA) designation. The CFA is one of the most respected professional finance designations, considered a “gold standard” in the field of investment analysis. CFA holders have thoroughly studied a spectrum of topics […]
April 5, 2019

RESULTS at a glance – 1Q19

2019 started off strong, with Canadian and U.S. markets both experiencing low-teen returns in the first quarter. At the same time, 10-year government yields have fallen in both countries as central banks signaled a pause in their rate hikes; in the U.S., this has led to a yield inversion, with […]
March 8, 2019

Attention to Detail – March 2019

An Important Lesson From Ben Graham by Charlie Munger (GuruFocus) This month’s article (link) features a short excerpt from an old Outstanding Investor Digest issue, in which Charlie Munger himself recalls an encounter he had with his investment mentor, Ben Graham, that taught him a valuable lesson about corporate management. […]
July 19, 2019

RESULTS at a glance – 2Q19

Canadian and U.S. markets hit new highs this year, recovering their losses from the December drop of 2018. A pause in rate hikes has led to a decline in bond yields, and the Federal Reserve’s dovish tone towards the economy has allowed the Canadian dollar to appreciate. Oil prices have […]
October 15, 2018

RESULTS at a glance

U.S. stocks continue to recover from their tumble in February while Canadian markets remain flat year-to-date. This divergence reflects in the CAD/USD exchange rate, which is down 2.5% year-to-date. Long-term bond yields continue to climb in both countries, and while oil has seen a strong rebound, gold has fallen further […]
September 24, 2018

Are the Markets Expensive?

“Buy low, sell high” may be the most renowned catchphrase in all of finance, and rightfully so. It’s a beautiful summation of a sound investment strategy, an adage to help maintain discipline through tough times and exceptional times alike. Even those with little to no investment experience are likely familiar […]
August 13, 2018

Attention to Detail – August 2018

High Quality Vs Low Price (The Safal Niveshak Post) Value investing is often generalized as an approach whereby investors look for “bargain” stock prices, sifting through low price-to-earnings companies to find buy ideas; however, true value investors understand that a low price is no substitute for a quality business. This […]