As published in the Globe & Mail on July 9, 2024 (for subscribers only) There are thousands of publicly listed companies globally, yet only a small percentage generate long-term wealth for shareholders. In a study that analyzed the performance of 64,000 global stocks over a 30-year period, from January 1990 to December 2020, researchers discovered […]
As published in the Financial Post on 23 June 2024. Credit spreads serve as a premium offered to investors to offset the risks associated with bankruptcy. This quarter, high-yield credit spreads hit a decade-low of 3.05%. Narrower spreads reflect reduced demand for compensation against credit risk, indicating the market's confidence in low credit risk ahead. […]
As published in Finance et Investissement on 3 June 2024 (in French). Can SPACs, those beleaguered blank-cheque companies whose recent history is as volatile and unpredictable as the emotional health of a certain former president of the United States, be staging a comeback? The SPAC sector, which raises money through public exchange listings and then acquires […]
As seen in the Globe & Mail on May 16, 2024 (for subscribers only) In the professional sphere, investment risk is defined in technical terms with mathematical ratios, such as standard deviation, Sharpe Ratio, Beta, R-Squared and so forth. These can be useful tools. In addition, each type of asset class has its own peculiar risks. […]
Award-winning Morgan Housel discusses risk, data traps, and how to be happier with PenderFund’s Amar Pandya presented by the CFA Society Vancouver “Risk is what you don’t see.”- Morgan Housel The biggest risks come from unknown, unpredictable events that, not only did nobody see coming, but were impossible to see coming, said Housel. He gave […]
“In our own stock-market experience and observation, extending over 50 years, we have not known a single person who has consistently or lastingly made money by thus following the market. We do not hesitate to declare that this approach is as fallacious as it is popular.” -Benjamin Graham Most investors are familiar with Jason Zweig’s […]
As published in the Financial Post on 26 April 2024 Question: Some of my security investments have increased in value in both my registered and non-registered accounts. I’m having a hard time knowing when to sell. Can you recommend a checklist of criteria to help me in making a sell or hold decision? – Myles Answer: For an investor, making a sell decision […]
“Behavioral edge” is just another way of saying “temperament”. Temperament refers to a habitual way a person behaves in each situation. For example, one person may be easy-going and relaxed while another is more likely to be impatient and assertive. Temperament is the unsung hero of investing success. Gaining insight about our innate emotional temperament and learning how to work with it gives an edge in investing.
We asked the amazing women at Pender what this year’s theme #InspireInclusion means to them. Here’s what they said:
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