Blog: Cutting Through the Noise
Postings
The Dash for Trash
Excerpt from Tom Bradley's blog on August 5, 2009
This current market rally has been characterized as ‘a dash for trash’. In other words, lower quality companies have seen their stocks bounce back dramatically, while the higher quality ones have experienced more modest gains. When the companies that...Read More
The Right Questions - An Addendum
Excerpt from Tom Bradley's blog on July 29, 2009
In my last posting, I talked about the questions that money managers should be asking. I focused on three – inflation, the next market leaders and valuation. There is an additional question that individual investors (and their advisors) should be asking...Read More
Inflation and the Next Market Leaders
Excerpt from Tom Bradley's blog on July 27, 2009
The Globe and Mail, Report on Business. Published July 25, 2009. Knowing the right questions to ask is an important and difficult part of any decision-making process. For the last two weeks I've been parked on the edge of Crystal Lake, Ont., where the right...Read More
Five Lessons From the Recession - Relearned
Excerpt from Tom Bradley's blog on July 13, 2009
A lot of thought has been going into the lessons learned from the recession. That's prompted me to think about what has come out of the turmoil in the capital markets. It didn't take long to come up with a list. Here are my top five lessons learned, or should...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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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