52 results

Spring 2018

Beware the Dividend Trap

Despite the market gyrations of the last few months, and the headlines that go with them, stock valuations are not meaningfully lower as compared to the end of 2017 and…

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Winter 2018

The More Things Change, The More They…..

You know the rest of that line. As practitioners of fundamental value investing, we are looking for market inefficiencies that allow us to purchase shares of strong companies at advantageous…

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Fall 2017

Looking for Walmart Prices in a Tiffany Market

Dear Clients, You know that my investment approach involves looking for stocks trading at attractive prices – the kind of deals you’re more likely to find at your neighbourhood Walmart…

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Summer 2017

Trying to Find Winners and Avoid the Dangers

Dear Clients, In managing your money, I’m not investing in “markets”. Rather, I’m using the markets to invest your money in shares of companies – companies that I believe can…

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Spring 2017

Don’t Let Your Savings Go Up In Smoke!

Dear Clients, I waited with anticipation for someone to come out with a marijuana-related fund. Sure enough, the inevitable has occurred. Whenever some trend is occupying the public’s attention, the…

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Winter 2017

Feeling Bloated After The Festivities

Dear Clients, The holiday season is always lots of fun, but come January 1st I’m ready for a break from rich food and festive beverages. It’s easy to get carried…

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