Before I set out on my usual magna parabolum, I want to set the record straight in light of the magnitude and frequency of market commentary that would have us all believe that we are soon approaching a market bottom, all based on set...
In last week’s missive entitled “The Bear Resumes”, I laid out a fairly strong case for maintaining a defensive portfolio posture despite the major averages (as well as many junior miners) being well of their respective 12-month highs.
Few investors under the age of sixty have even heard the name “Jesse Livermore” and even fewer have read as much as one page ever written by the legendary author “Edwin Lefevre” who wrote what many consider their personal investment “bible...
References to “The Sword of Damocles” can be found in an anecdote related by Roman orator Cicero who used it in his Tusculanae Disputationes, 5. 61,[1] thus passing the story into the European cultural mainstream after which it became an...
In 1978, the year I joined the Canadian investment industry as a trainee, I was sitting in a room full of seasoned brokers while studying for the licensing exams known as The Canadian Securities Course, when I directed a question to the...
When I was student in the Stagflation 70’s, the only two budget items about which I cared were beer and gasoline. My hockey scholarship paid for everything else so I was largely insulated from the ravages of inflation, unlike many of my...
My grandfather was a WWI veteran serving with the Canadian division of the British Army in most of the major battles in WWI in Europe, including Vimy Ridge and Passchendaele while fathering six children in the Toronto neighbourhood of...
This week was arguably the most bizarre in all of my forty-five years covering capital markets and I do not write this lightly. It was so much so that I really do not know where to begin this week’s missive.
When I was a young boy, every summer I used to save all of my money earned while caddying for rich lawyers and doctors about fifteen miles north of my home in Malton so that I could afford to blow all my savings on the absolute best day of...
Before I expand upon the events of the past week that caught my increasingly-illusory attention span, I wish to impart upon my readers one of the many chasms that separate the generational narratives these days.