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:
As published in Finance et Investissement on 6 March 2024 (in French), and Conseiller on 25 March, 2024. There is a wide subset of different variables that can affect a business and lead it into distress. If these various factors were arranged within a pyramid structure, at the base, would be macroeconomic—the economic cycle, global/national growth, inflation, central […]
Question: In a fast-changing world of high-tech and geopolitical challenges, can you explain what having a “moat” means today? How can a small investor know if a company has a sustainable competitive advantage? — Cassandra Answer: Sustainable value creation has two dimensions: the magnitude of returns in excess of the cost of capital, and how long […]
First published in Financial Post: FP Answers on January 26, 2024 Question: In 2023 investment returns were primarily driven by the “Magnificent Seven”, U.S.-based, high-tech stocks. What about Canadian high-tech? What should investors look for in a Canada-based high-tech company? – Marisa. Answer: FOMO was alive and well through 2023 with the so-called “Magnificent Seven” attracting the […]
"*" indicates required fields
