AUG - 2019
Age is all a matter of perspective
Posted on August 9, 2019
Age is all a matter of perspective, so too is market sentiment   I went golfing with a friend of my son’s the other day. He’s a 23-year old rising lacrosse star. He received a lacrosse scholarship from a US university and now plays professionally for a team in Baltimore. He’s regularly flown across the [...]
JUL - 2019
I heard from a number of clients about last month’s newsletter, many of them to say they remember the historic events that mark their fiftieth anniversaries this year. One client went so far as to send me a link to a special airing on WNED-TV on August 9, 2019, “Woodstock: Three Days That Defined a [...]
JUN - 2019
We always prevail
Posted on June 14, 2019
Through cycles of both triumph and adversity, we always prevail   Recently, I drove to Providence, Rhode Island, to pick my daughter up from school. As I was driving along the I90 highway, south of Albany, NY, I passed the exit for Woodstock, and that got me thinking. August of this year represents the 50th [...]
MAY - 2019
Warren Buffett and Charles Munger maintain rock star status at Berkshire Hathaway AGM   I’m back from my annual sojourn to Omaha, Nebraska, rejuvenated and refreshed — not because I learned anything new, but because Warren Buffett and Charles Munger reaffirmed all that I know.   Anyone going to learn some well-guarded secret of investing [...]
APR - 2019
Will the cannabis buzz last?
Posted on April 11, 2019
There seems to be a prevailing theory that pot smokers are lazy. If so, they defied all stereotypes on April 1st when Ontario’s 10 legal retail cannabis shops opened their doors. Ontarians lined up for hours before stores opened, some even setting up pup tents, to claim bragging rights of being among the first customers [...]
MAR - 2019
Age reminds us to savour each moment
Posted on March 12, 2019
Age is a funny thing. Countless articles and programs discuss getting old, the aging process etc. However, in my dealings with clients and friends who would be considered in their golden years, I find them to be vibrant, enjoying life, and not slowing down. On a recent trip to Florida, I spent a week visiting [...]
FEB - 2019
Consumers are bummed
Posted on February 8, 2019
“Consumers are bummed, businesses are bummed, David Rosenberg is bummed.” Based on some of the conversations I’ve been having with clients, this Globe & Mail headline tends to sum up how many are feeling in the early days of 2019.   Still reeling from the correction in December, many investors are feeling jittery about where [...]
JAN - 2019
Happy New Year! I hope 2019 is treating you well so far.   I’m not generally one for attending big parties on New Year’s Eve, but this year I made an exception. As I looked around the room at the people enjoying their festive evening, I noticed an older couple on the dance floor and [...]
DEC - 2018
Negativity depresses people and stocks
Posted on December 11, 2018
It’s hard to avoid bad news these days. It seems that everywhere we turn, we are confronted with one crisis or another. Brexit, US-China trade wars, instability across the European Union, plummeting crude oil prices and pipeline issues have been dominating the headlines for months. Then came GM’s announcement about the closing of the auto [...]
NOV - 2018
See a bear, run with the bulls
Posted on November 7, 2018
Did you know that one of the most iconic and successful albums of all time — Meatloaf’s Bat Out of Hell — was originally written as a musical? I went to see the North American premiere of Bat Out of Hell, The Musical at the Mirvish Theatre recently. It took me back to a fun [...]