The Virus, the Economy, the Market, the Future — My Perspective

The other day I had an email from a client who wanted to know my thoughts on the market and whether or not there were some good opportunities to buy now. He’s not alone. He asked for my perspective and here it is.

First, though, please keep in mind that this is just my opinion. I am just thinking in terms of probabilities. Much as I wish I had the definitive answer, I don’t. No one does.

In terms of the economy …

I believe most forecasters have now dismissed the possibility of a V-shaped recovery. No Read More »

Hitting the Pause Button to Reflect for a Moment

There’s no denying the seriousness and uncertainty of life as we know it today. We’re concerned, all of us — for ourhealth and that of our loved ones … for our friends, neighbours and colleagues … for our communities, our country, the economy, our investments and, quite frankly, for what lies ahead. We just don’t know. No one does. No one.

But amid the chaos and News and statistics that change from minute to minute we also Read More »

You’re Never Too Wealthy to Want a Good Deal

A billionaire many, many times over, Warren Buffett still lives in Omaha Nebraska, in a home he bought for $31,000 in 1958 and is now estimated to be worth $652,6191. Sam Walton, the Walmart founder, drove the same 1979 Ford F-150 pick-up until he died in the early 90s2.

I’m certainly not in their league, not even close, but I am successful — in both my business and as an investor. And I’m not ashamed to admit that I’m always looking for a deal, for ways to save Read More »

What’s The Phrase Investors Should Have Tattooed on Their Souls, and Why?

The phrase, which has been around in English since about 1545 is, “Rome wasn’t built in a day.” It’s important for investors to take it to heart because essentially it’s a warning against rashness and impatience — which can be, as behavioural economists — and history — keep reminding us, an investor’s worst enemy.

When we react — or over-react — to short-term performance and behave impetuously, we often do it at the expense of our long-term results. On the other hand, those investors who appreciate and capitalize on the Read More »

What do Aretha Franklin, Prince, Howard Hughes, Martin Luther King, Picasso and Even Abraham Lincoln Have in Common?

They all died without having a Will. Equally staggering are the results of a 2018 Angus Reid poll that revealed that more than half of Canadians don’t have a Will.

It’s interesting. In my line of work this is a conversation I have all the time and,over the years, I’ve come to realize two things:

First, death is not a subject most people want to contemplate, let alone discuss — even in the abstract — even though Wills and estate plans are all about protecting and taking care of loved ones — which is one Read More »

There’s a difference between managing your money and managing your wealth …

… and it’s not all your advisor’s responsibility. How effectively your money is saved and managed is up to you. Your advisor manages your wealth and while the two may be connected, they are not one and the same.

What I’m talking about is being personally investedin your own financial well-being.

There was a long article recently in the Sunday New York Times, about a wealth manager whose clients are some of the best-paid athletes in the U.S. One sentence leapt out at me: “To retain his services, eachRead More »

Wealth Is More Than Material

I have been blessed with three wonderful daughters. The eldest was married a couple of weeks ago and it was a magical day — one I will always remember and cherish. It’s a big deal when you walk your child down the aisle, knowing you’re about to step aside, leaving her and her soon-to-be husband to begin their life together.

The significance of the moment really put things — put life — into perspective. And, as I looked around Read More »

An epiphany, thanks to a total stranger

Austin Repath is an author, a philosopher and a former Humanities professor. He recently had an article — which really made me stop and think — published in the Globe and Mail. In it, in the form of a letter written to a young woman — a stranger he met — he reflected on the lessons he’s learned in his long life.

He starts off providing some context for this letter. He was in a coffee shop when a “twentysomething” started to talk to him. While it may not seem unusual on the face of it, it’s certainly not every day that you Read More »

Is Happiness Really a Matter of Dollars and Cents?

The world recently lost one of the 50 highest ranked economists in the world1. Alan Kreuger was the James Madison Professor of Political Economy at Princeton and Research Associate at the National Bureau of Economic Research. He served as Assistant Secretary of the Treasury for Economic Policy during the Obama presidency and was also his Chair of the White House Council of Economic Advisors.

But what I find most intriguing about him, is that he also studied happiness. Seriously, I’m not kidding. 

Along with the Nobel-Prize winning psychologist Daniel Kahneman, Kreuger co-authored what is Read More »

What Warren Buffett Can Teach Us About Risk

We’re turning our blog over to a guest blogger today. Vincent Linsley is a Canadian investment management sales and marketing professional. He also authors a blog, Investment Graffiti.


Warren Buffett’s 2019 Annual Letter to Shareholders was delivered on February 23 and eagerly-read by investors worldwide. The much-anticipated update provided an inside look at his company, currently the world’s highest-priced stock, trading at over US$300,000 per share.

The epitome of “basic” no frills writing style and structure, Buffett’s disciples read the letter religiously, Read More »