Dear Clients, There is an inclination that’s common among many investors to constantly be doing some amount of trading. This goes for professional and amateur investors alike. I think this…

Dear Clients, Imagine you put a bowl of jelly beans in front of a young child. They’re bright, shiny, and colourful. The child anticipates the delicious sweetness with eagerness. Just…

Dear Clients, The end of March of this year marked the five-year anniversary of the launch of Lionridge’s Total Equity Portfolio**. I’m pleased to report success in achieving the dual…

Dear Clients, The end of 2015 saw a lot of volatility in the markets that is carrying over into this year. Although I never try to anticipate movements of the…

Dear Clients, I look to the parable of the Tortoise and the Hare as a metaphor for the contrast between my investment philosophy and the way the broader markets appear…

Dear Clients, Since the date of my last letter, no changes have been made in the Total Equity Portfolio. The cash position is still high (around 30%) in light of…