Blog: Cutting Through the Noise

It Will Never be the Same

Excerpt from Tom Bradley's blog on July 2, 2009

“Things will never be quite the same again. Western businesses in particular will be well served by moderating future expectations. That goes for investors too.” - Tim Price, PFP Wealth Management, June 22nd, 2009. I read Tim Price regularly and always...

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Fixed Income Gems Can Still Be Had if You Add a Bit of Risk

Excerpt from Tom Bradley's blog on June 27, 2009

The Globe and Mail, Report on Business. Published June 27, 2009. Over the past nine months, I've talked often in this space about risk being cheap. Investors can't let past losses blind them to the opportunities that have emerged from the banking crisis and...

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R.E.S.P.E.C.T.

Excerpt from Tom Bradley's blog on June 24, 2009

We need your help Aretha! It seems that the little Canadian technology company that could, Research in Motion, has trouble getting respect. This is hardly a statistically robust analysis, but it has been evident to me for years that RIM and its hugely...

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Podcast: Tom & Christine Discuss the Global Equity Fund

Excerpt from Scott Ronalds's blog on June 18, 2009

Christine Montgomery from Edinburgh Partners, the manager of our Global Equity Fund, has been traveling in North America this week meeting with companies (research) and clients (hand-holding). We dragged her out of the San Francisco fog and welcomed her to...

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Book Review: Panic

Excerpt from Scott Ronalds's blog on June 16, 2009

Panic is a compilation of articles that shed light on the most severe upheavals in recent financial history – the crash of ’87, the Russian default and subsequent collapse of Long Term Capital Management, the Asian currency...

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Hedge Fund Costs Add up to Bad Math

Excerpt from Tom Bradley's blog on June 14, 2009

I'm not a hedge fund manager, but I find their place in the industry to be forever fascinating. Indeed, this week I went so far as to publicly debate the proposition “Hedge funds are dead” with Toreigh Stuart of Man Investments, a hedge fund conglomerate...

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Hedge Funds are Dead

Excerpt from Scott Ronalds's blog on June 10, 2009

Be it resolved that hedge funds are dead - or at least the model as we know it needs to change. This is the position that Tom Bradley argued in a debate yesterday at a luncheon held by the Alternative Investment Management Association (Canada’s...

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Re-balancing When Needed

Excerpt from Tom Bradley's blog on June 8, 2009

Last week Chris and I met with Scott Robertson, a financial planner from Ottawa. Scott is a veteran and has a straight-forward, no-nonsense approach to his craft. That was clear when we asked him when and how often his clients re-balance their portfolios...

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Is It Justified?

Excerpt from Tom Bradley's blog on June 4, 2009

People are having trouble with this rally. Indeed, I admitted to being uneasy about the speed and magnitude of the market’s move in a recent post. What’s spooking people is that it’s happening at a time when the economy is in the dumper and it's not clear...

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The State of the Canadian Investor

Excerpt from Tom Bradley's blog on May 30, 2009

As our firm passes the two-year mark, we aren't able to generalize about where our clients are coming from or why they chose us, but we can make some observations about what their previous portfolios looked like, and more broadly, the state of the...

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You Go Girl!

Excerpt from Tom Bradley's blog on May 28, 2009

“Fess up, fellows: The masters of the universe have turned out to be masters of disaster. No matter which aspect of the financial crisis you consider, there is a man behind it.” This was the opening paragraph of an article recently posted in the Wall Street Journal that reinforces our view that women are great investors, and even better...

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Teachers Expel BCE

Excerpt from Tom Bradley's blog on May 26, 2009

The Ontario Teachers Pension Plan (Teachers) came within a hair of buying BCE at $42.75. Clearly the powers that be at Teachers thought enough of the BCE franchise that they were willing to pay up for it and use substantial amounts of leverage...

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