Businesses that generate durable and persistent cash flows demonstrate resiliency. Financial flexibility is also key to ensuring staying power.
The St. Petersburg Paradox
2019-10-25, Jason Reed
As the premium for fast growing businesses continues to climb, consider this casino game analogy and how it relates to our investment approach.
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The Four Most Dangerous Words
2019-07-26, Clement Chiang
Historically when the market fully believes in these four words, the next chapter has been a painful experience.
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Pulling The Goalie
2019-05-31, Jason Reed
How the analogy of pulling the goalie in hockey relates to investing. What does it mean for value investors?
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Turning Blue
2019-04-26, Clement Chiang
Last week’s Alberta provincial election saw the United Conservative Party (UCP) winning by majority vote with 63 legislative seats, leaving the NDP with 24.
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The Changing Beat In The Background
2018-12-14, Clement Chiang
Sometimes we grow so used to the music playing in the background we forget just how extreme and unprecedented these quantitative easing (QE) programs are.