“Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” Warren Buffett Coupons, discounts, sales, clearances, markdowns, etc. represent an old and powerful set of weapons in the marketer’s arsenal. Their ubiquitous use and enduring effectiveness are indicative of how everyone loves a good bargain. Snagging a deal […]
“Experience is simply the name we give our mistakes.” Oscar Wilde Experience is a great teacher and an invaluable commodity. There is no substitute for it. Or at least that’s what we tell anyone younger than us. The theory being that the more you see and do, the more knowledge you accumulate. Collect enough knowledge, […]
“Only time will tell if it was time well-spent.” Jimmy Buffett With calendars flipping from December to January, we rang in the new year and bid adieu to 2018. For most portfolio managers and investors, this was not a sad farewell. Equities endured their worst performance in a decade, and there was little respite elsewhere, […]
“Bubble, bubble, you’re in trouble.” Duck Tales As long as humans are involved in the activities of investing and speculating, bubbles will occur. And while policymakers and academics debate whether and how to mitigate or lean against them, it is the job of investors to recognize irrational exuberance and have a plan for dealing with […]
Bonds Are Back, Baby | October 2022
“Fashions fade. Style is eternal.” Yves Saint Laurent For years, ultra-low yields led to fixed income falling out of fashion and being discarded from racks in favour of cooler, hipper trends. Bonds were bullied off the catwalk and out of portfolios with taunts of ‘return-free-risk’ and ‘there is no alternative (TINA).’ Then this year, bonds […]