Financial Post
David Rosenberg: All signs are flashing this market is ‘late in the game’
David Kaufman: The ten things that all investors should know
Legendary value investor Charles Brandes on where he’s investing now
Legendary value investor Charles Brandes on where he’s investing now
When you’ve been in the game as long as Charles Brandes has, and outperformed the market on a consistent basis, investors pay close attention to what you have to say. The renowned value investor, who is the founder and chairman of Brandes Investment Partners, sat down with Financial Post investing reporter Jonathan Ratner during a recent…
When it comes to picking a hedge fund, bigger isn’t always better
When it comes to picking a hedge fund, bigger isn’t always better
For many years the question of whether the size of a hedge fund affects its returns has been hotly debated. Although there is ample evidence that a few legendary funds are able to manage billions of dollars and consistently deliver outsized returns to investors over the long term (especially on a risk-adjusted basis), there is mounting…
Why investors need absolute returns, not relative ones
Why investors need absolute returns, not relative ones
Peculiar circumstances arise from time to time in different forms in the wonderful world of investing. Stranger still, the crowd somehow comes to accept them as normal events. I remember well the madness in markets at the end of the last century when stocks traded at what I believe were the most expensive prices ever. Dot-com…
For active managers, the power of concentration is key to beating the market
For active managers, the power of concentration is key to beating the market
As long as there have been stockbrokers and mutual funds, there has been a significant portion of investment advisers (many of whom, it should be noted, have an economic interest in the question) who insist that active management (picking the “best” stocks and bonds from a given index) can beat passive management (following an index) over…
David Rosenberg: If you think this market is confusing, wait until you see what the ‘smart money’ is doing
David Rosenberg: If you think this market is confusing, wait until you see what the ‘smart money’ is doing
Okay, this really is one weird market. I am looking at the hedge fund proxy market positioning from the latest Commitments of Traders report from the Commodity Futures Trading Commission, and the results are startling. I’m quite sure I have not seen such levels of confidence on one hand, and cognitive dissonance on the other, before…
Canadian Pacific Railway Ltd is a win for Bill Ackman, no matter how you keep track
Canadian Pacific Railway Ltd is a win for Bill Ackman, no matter how you keep track
When activist investor Bill Ackman first approached Canadian Pacific Railway Ltd.’s management about making major changes to the underperforming railway, including hiring a chief executive who had just retired from its closest rival, they were understandably defensive. In press release on Feb. 6, 2012, responding to a town hall meeting Ackman’s hedge fund had just held…
Prem Watsa’s $650M Bet On Deflation Could Make $109 BILLION
Will Prem Watsa’s $650-million bet pay off? If it does, Fairfax makes $109 BILLION
Since Prem Watsa took over Fairfax Financial Holdings Ltd. (TSX:FFH), it’s been a pretty good ride for shareholders. When Watsa first established control in 1985, shares of Fairfax traded at just $1.52 each. Just over 30 years later the share price is $731.02, which includes a massive run-up of more than 20% over the last six…
Prem Watsa’s Record Carries The Day In Close Fairfax Vote
Prem Watsa’s record carries the day in close Fairfax vote
It took more than 18 months of negotiations and two rescheduled special meetings but Prem Watsa, the chairman and chief executive of Fairfax Financial Holdings Ltd., has received enough shareholder support for the company to amend the terms of its multiple voting shares. But the vote, the effect of which is that Watsa, one of the…
Fairfax Financial Ltd Chief Prem Watsa Tells His ‘Horatio Alger’ Story
Fairfax Financial Ltd Chief Prem Watsa Tells His ‘Horatio Alger’ Story by Peter Kuitenbrouwer, Financial Post Horatio Alger, the 19th … Read more
Apartment Boom Builds In Toronto In Sign More Are Giving Up On Home Ownership
Apartment boom builds in Toronto in sign more are giving up on home ownership
Why David Rosenberg Is Telling Investors To Chill
Why David Rosenberg is telling investors to chill
