Blog: Cutting Through the Noise
Postings
Nokia - The Next Episode
Excerpt from Scott Ronalds's blog on September 15, 2009
Nokia is an interesting story. To many North Americans, the company is viewed as a has-been. While its cell phones may have been all the rage a decade ago, its star has fallen considerably as Apple and RIM have taken over as the market leaders thanks to...Read More
Correction: Steadyhand Savings Fund Performance
Excerpt from Scott Ronalds's blog on September 8, 2009
The Globe and Mail ran an article yesterday on how money market funds are holding up given the historically low interest rate environment (The Best and Worst Places to Park Your Cash). The article highlighted our Savings Fund as the top performing fund...Read More
Podcast: Wrong for the Right Reasons
Excerpt from Scott Ronalds's blog on August 24, 2009
In this podcast, Tom expands on his latest Globe and Mail column, which focuses on the traits that he looks for in a money manager. More specifically, he highlights two things that he watches for and studies very intently: 1) the temperament of the...
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The Credit Crisis 101
Excerpt from Scott Ronalds's blog on July 21, 2009
If you look up the term ‘credit crisis’ on Google, you’ll get close to 50 million results. Over the past year or so, you would be hard pressed to find two more commonly used words in the business world (other than the usual expletives that abound in falling...Read More
Podcast: Second Quarter Review
Excerpt from Scott Ronalds's blog on July 10, 2009
In this podcast, Tom and Scott review the second quarter of 2009. The equity markets rebounded sharply in the quarter, with many stocks posting strong gains. The corporate bond market also enjoyed a long-awaited recovery, as yields declined...
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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...Read More
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...Read More
A Tip of the Hat to the 'Capitalist'
Excerpt from Scott Ronalds's blog on May 21, 2009
Blogger Canadian Capitalist published a complimentary posting on Steadyhand the other day. He highlighted four aspects of our firm that we emphasize on our website and in our conversations with investors: Low cost, Concentration, Co-investment...Read More
Podcast: Uneasy About the Market Bounce?
Excerpt from Scott Ronalds's blog on May 19, 2009
Stock markets have rebounded 25-35% since the lows reached in March. Feeling uneasy about the recent bounce? In this podcast, Tom expands on his recent Globe and Mail column and provides some advice to investors who are unsure what to do...
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Morningstar Study: The Investor Experience
Excerpt from Scott Ronalds's blog on May 13, 2009
Morningstar recently published a comprehensive report on the ‘investment climate’ for mutual fund investors titled Global Fund Investor Experience. The report analyzes the fund marketplace in a number of countries around the world, highlighting the strengths...Read More
Safety is Expensive
Excerpt from Scott Ronalds's blog on May 7, 2009
We’ve been advising clients that safety is expensive these days. In other words, investors are getting paid very little for holding low-risk assets such as money market products and government bonds. The counterpoint is that the latter securities...Read More
