Beaucoup de choses ont changé…

La technologie a rendu le monde plus petit. Les choses bougent vite et les choses changent encore plus vite. Les actualités, les points de vue et les préoccupations du monde arrivent sur nos écrans en quelques secondes. Lorsqu’il s’agit de gestion de patrimoine et d’investissement, il peut être difficile de garder du recul.

avril 3, 2020

RESULTS at a glance – 1Q20

COVID-19 hit markets hard in the first quarter of 2020. With countries restricting travel and populations practicing social distancing, markets in Canada, the U.S., and internationally fell by approximately 20 to 25 per cent from their 2019 year-end values. Emergency rate cuts in Canada and the U.S. effectively brought policy […]
mars 5, 2020

Coronavirus Uncertainty – Framing the Situation

Many are concerned that a new strain of coronavirus that has ravaged China may prompt the recession we have been expecting for so long, spreading globally and forcing factories to shut down, consumers to stay home and businesses to shrink operations. The concern has led to a newsworthy sell off […]
janvier 24, 2020

RESULTS at a glance – 4Q19

Markets had a tremendous year, fully reversing the slump that occurred in 2018 and pushing past new highs in Canada and the U.S. Yields fell in Canada and the U.S., with three Federal Funds rate cuts causing a steeper decline in the States. Oil prices rebounded following rising tensions with […]
novembre 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 […]
octobre 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 […]
août 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 […]
juillet 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 […]
juin 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 […]
juin 12, 2017

Be Prepared: Know Your Appetite for Risk

“Emotions are the most important determinant of long-horizon wealth.” – C. Thomas Howard, PhD.   Is there truth to Dr. Howard’s unorthodox statement that you need to know about? When you invest, you make choices. One of the main trade-offs is the level of risk you are willing to bear […]
mai 16, 2017

Attention to Details – May Edition

Each month we’ll lift the lid on what WDS does behind the scenes to invest well. It is attention to such details, over the course of time that allows you to accumulate wealth and attain financial security. GuruFocus – Why Cash Is King This article (link) explains the free cash […]
avril 27, 2017

Caveat emptor – the state of the fiduciary standard in Canada

  In life certain things are taken for granted; assuming a standard of care when dealing with professionals is usually one of them. For example, when searching for a new doctor there are many things to consider before making your choice: clinic location, tenure, specialization, bedside manner, etc. Whether a […]
avril 6, 2017

RESULTS at a glance

Stocks rose in the first quarter of 2017. Long-term bond yields fell in both Canada and the US, with positive impact on fixed income returns. Gold prices have appreciated, too. The price of oil dropped in March. The Canadian dollar shows little change against the U.S. dollar despite lower oil […]
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