Cutting Through the Noise
September 16, 2007
The Globe and Mail, Report on Business Published September 15, 2007 If you've been a regular reader of this column, you know that I sometimes write about things that are driving my wife crazy. When Lori gets on a rant ...
Read MoreSeptember 12, 2007
Richard Croft wrote a good article in yesterday’s National Post about how longevity is the most important factor in determining investment success. “In the end, one strategy or style is probably as good as another...the problem for average investors is ...
Read MoreSeptember 10, 2007
After only two months on the market, Apple has dropped the price of its new iPhone from $599 to $399. Steve Jobs, the company’s CEO, posted a note on Apple’s website explaining the reasoning behind the 33% price slash. Essentially, ...
Read MoreSeptember 6, 2007
Tom's been busy reading during his recovery from surgery (we've taken away his laptop, but we can't take away his library). He recently dusted off Roger Lowenstein's book, Buffett: The Making of an American Capitalist , and added it to ...
Read MoreSeptember 4, 2007
The Globe and Mail, Report on Business Published September 1, 2007 Are we experiencing another immaculate correction? That’s how I describe the market corrections we’ve experienced while living under the protective umbrella of U.S. President George W. Bush and former ...
Read MoreAugust 30, 2007
As a start-up, we have the luxury of starting with a fresh piece of paper and blazing our own path. We’re not confined by legacy issues, dated technology platforms, archaic policies and procedures, etc. We’ve set up a business that ...
Read MoreAugust 27, 2007
The following blog was written by Tom just before his surgery, from which he is recovering well. Dan Richards is a name you may be familiar with. He has been in the wealth management industry for years and currently operates ...
Read MoreAugust 27, 2007
Every time I venture down to California or Vegas (not as often as I’d like), a stop at In-N-Out Burger is a must. Health food it’s not, but if you’re looking for a fresh, good old fashioned burger, this is ...
Read MoreAugust 22, 2007
In the wake of the subprime fallout in the United States, shares of Countywide Financial have fallen considerably. Countrywide is America’s #1 home loan lender and the country’s third largest federal savings bank. The Steadyhand Global Equity Fund holds shares ...
Read MoreAugust 21, 2007
Third party asset backed commercial paper (ABCP) has been the subject of attention in the investment press recently, as some issuers have experienced problems finding funding for their maturing debt. The Steadyhand Savings Fund does not hold any of this ...
Read MoreAugust 20, 2007
The Globe and Mail, Report on Business Published August 18, 2007 Shouldn't I be doing something? In historical terms, volatile markets like we're experiencing now are not unusual, so I don't want to overplay it. I'll admit, however, that I ...
Read MoreAugust 15, 2007
As you may have heard, Tom has a long-standing liver condition known as PSC. It goes back to his youth and has been monitored for over 25 years. While not normal, it has always been stable and hasn’t held him ...
Read MoreAugust 9, 2007
Here's a real beauty that made the rounds at Steadyhand: The Shareholder Letter You Should, But Won't, Be Reading Next Spring . If you want to see the circus, there's no need to go to the big tent...there's plenty of ...
Read MoreJuly 24, 2007
Shares of the world’s largest specialty retailer were recently added to the Steadyhand Equity Fund. Why? Because Starbucks is now a “franchise” company – that is to say, a great business , run by great people , trading at a ...
Read MoreJuly 16, 2007
Posted by Scott Ronalds I must admit that before I started working at Steadyhand last year, the term blog was pretty much a foreign concept to me. ‘Blogging’ sounded more like a slang term or a new extreme sport from ...
Read MoreJuly 3, 2007
We're pleased to present the inaugural Steadyhand Top Ten List. We've faced a lot of great - and not so great - questions in our first few months of business. Here are our top picks: 10. Is this the place ...
Read MoreJune 14, 2007
I came across an article on Yahoo! Finance last week that profiled the Fidelity Advisor Mid Cap Fund (the fund is only available in the U.S.). The author led off with a quote from the fund’s manager: “ The way ...
Read MoreMay 22, 2007
Starting up a new fund company is hard work. I felt it was time for a little R&R, so I recently headed south to the Mayan Riviera to recharge the batteries. After 3 or 4 days of lounging on the ...
Read MoreMay 10, 2007
The manager of our Equity Fund, Cranston, Gaskin, O’Reilly & Vernon (CGOV), is holding an Investor Conference Day in Toronto next week that I’ll be attending. Finally, an excuse to head east and get out of this terrible spring weather ...
Read MoreApril 12, 2007
RBC Asset Management announced on Tuesday that they plan on changing the way they calculate the MERs of their funds. As a refresher, an MER – the expense that we all love to hate – consists of a fund’s management ...
Read MoreMarch 15, 2007
Steadyhand hit the slopes last weekend in Whistler. Unfortunately, with limited visibility, high winds and wet snow, conditions were almost unbearable. ...
Read MoreMarch 7, 2007
My future has never looked so bright. I’ve been watching a lot of the big banks’ commercials on T.V. lately, and I’m really excited about my financial future. Apparently, I can send my daughter to med school and buy the ...
Read MoreFebruary 28, 2007
Biggest one day loss since 2001. Historic sell-off. Downright brutal. I’m referring of course to the actions of the Florida Panthers yesterday. The Panthers traded Todd Bertuzzi to the Red Wings for two conditional draft picks and a forward I’ve ...
Read MoreFebruary 20, 2007
JetBlue, the New York-based low-cost airline known for its leather seats, seatback TVs and superior customer service, suffered a public relations nightmare last week when an east coast ice storm grounded many of its scheduled flights. Hazardous weather is beyond ...
Read MoreFebruary 13, 2007
Grizzly Facts, Part I The Grizzly population of North America is estimated to be between 40,000 - 50,000 B.C. is home to 1 of every 4 remaining Grizzly bears in North America Newborn cubs weigh less than a pound A ...
Read More