Paul's insights & partner memos

Take comfort in the knowledge that your capital is being managed the way your friends complain they wish their capital was managed.

Take comfort in the knowledge that your capital is being managed the way your friends complain they wish their capital was managed.

“A bull market is a bull. It tries to throw off its riders.”

It’s July 1st, and we need to address the state of the nation. A simple response might be to say, "Let's cancel Canada Day." However, this could be a missed opportunity to work towards much needed healing for all.

Let’s kick off this month’s note with a quote from the legendary father of value investing, Benjamin Graham. Given the FOMO-driven speculative behaviour we’ve been seeing in recent months from many, I find it particularly prescient to put things from...

Thankfully, in Canada we are finally making some progress on vaccinations. I hope that most of you have received or at least booked had the chance to book your initial shot.

Spring seems to have come quickly, and with it some hope that vaccines will be administered for you and your family in the coming weeks and months.

With a semblance of normalcy returning to daily life just on the horizon, and the blessing of a few warmer and sunnier days of late, there is a glimmer of hope for many of us to be able to put groundhog day behind us.

As we continue to live through lockdown with hope on the horizon, we are seeing a good number of respected market pundits make a ‘market top’ call, and claims that we’re deep into bubble territory.