'Twas the week before Christmas
‘Twas the week before Christmas, so let's have some fun. Mawer recaps the main themes of 2021.
The Art of Boring™ was created for curious and passionate investors. We share strategies, frameworks, and insights to help readers and listeners make better investment decisions. Our aim? To provide some bottom-up, long-term investing signal to cut through the short-term noise.
‘Twas the week before Christmas, so let's have some fun. Mawer recaps the main themes of 2021.
Global debt, China’s credit cycle, shifting monetary and fiscal policy objectives, and the three scenarios we are thinking about this year.
Impacts of higher inflation and interest rates and the benefits of an integrated research team.
How an engineering principle can improve investment risk management.
Inflation risk, slowing global growth, and the un-globalization trend—a review of Q3.
Why we launched—our interest and history in U.S. mid cap stocks—potential benefits of the asset class, and a few holding examples.
John Kay’s “simplicity, modularity, redundancy” risk framework elements and our ongoing risk management process improvements.
Mispricing patterns we’re seeing in the market; where we’re finding an edge; improving our management team assessment techniques.
A real time risk management discussion addressing the increasing regulatory pressures currently impacting a wide range of businesses in China.
The tremendous IPO activity led by tech companies; our evaluation process for a company prior to it becoming public; and recent matrix meeting outcomes for the portfolio.
Philip Fisher’s continuous relevance; determining fair value ranges for blitzscalers; and potentially overlooked opportunities in Russia and Kazakhstan.
A review of the quarter: the high-level themes have continued.
‘Twas the week before Christmas, so let's have some fun. Mawer recaps the main themes of 2021.
Global debt, China’s credit cycle, shifting monetary and fiscal policy objectives, and the three scenarios we are thinking about this year.
Impacts of higher inflation and interest rates and the benefits of an integrated research team.
How an engineering principle can improve investment risk management.
Inflation risk, slowing global growth, and the un-globalization trend—a review of Q3.
Why we launched—our interest and history in U.S. mid cap stocks—potential benefits of the asset class, and a few holding examples.
John Kay’s “simplicity, modularity, redundancy” risk framework elements and our ongoing risk management process improvements.
Mispricing patterns we’re seeing in the market; where we’re finding an edge; improving our management team assessment techniques.
A real time risk management discussion addressing the increasing regulatory pressures currently impacting a wide range of businesses in China.
The tremendous IPO activity led by tech companies; our evaluation process for a company prior to it becoming public; and recent matrix meeting outcomes for the portfolio.
Philip Fisher’s continuous relevance; determining fair value ranges for blitzscalers; and potentially overlooked opportunities in Russia and Kazakhstan.
A review of the quarter: the high-level themes have continued.
CIO Paul Moroz was interviewed by Columbia's Business School about how he got into investing, his experiences, and more.
Our finds this month include short, helpful investing philosophies to keep in mind and on hand; a case for statistical literacy in civic life; the intriguing history of money as a means of trade; and ways to handle our behavioural biases.
The strength of your competition has an important bearing on your own odds of success.
We thought we’d channel some of that “back to school” enthusiasm and provide a few recommended reads. (Why should kids have all the fun?!) Each selection was hand-picked from our Research team. Happy reading everyone!
On the docket this August is another memo from Howard Marks; a guide on the recent yield curve inversion; Jim O’Shaughnessy on the challenges but potential upsides of active investing; and the reminder that investors have more of a time horizon than they think.
We believe that clear communication of ideas and analysis contributes to sound decision-making.
Piquing our interest this month: why companies seem to be undervalued in Japan; what to do in a falling stock market; how chess computers have developed over time; and some investing wisdom from Wall Street personal finance columnist, Jason Zweig.
Given the extent of voracious readers we have here at Mawer, pulling together a recommended reads post is no easy task!
This month we learned that broader lessons from history have more leverage; how the shifts over time in the intangible tech economy are impacting businesses and consumers; that AIs are getting more lifelike and creative; and that it’s important to stop anticipating bad things happening and be more present.
We have found that many Canadian investors—or any investor, for that matter—can be reluctant to diversify beyond their borders, but portfolios solely invested in Canada might as well be an egg crate on a rickety motorcycle. You might get where you want to go, but there will likely be a lot more risk during the journey. And, for many client situations, this means too much is riding on one bet—with not enough balance.
Over the long-term, the accumulated costs of technical debt can have a financial impact on a company and its shareholders.
The need to check and recheck your numbers, a bull market for baby teeth, the lures of personal finance personalities, and how Instagram is becoming the new mall…it was an interesting month.
CIO Paul Moroz was interviewed by Columbia's Business School about how he got into investing, his experiences, and more.
Our finds this month include short, helpful investing philosophies to keep in mind and on hand; a case for statistical literacy in civic life; the intriguing history of money as a means of trade; and ways to handle our behavioural biases.
The strength of your competition has an important bearing on your own odds of success.
We thought we’d channel some of that “back to school” enthusiasm and provide a few recommended reads. (Why should kids have all the fun?!) Each selection was hand-picked from our Research team. Happy reading everyone!
On the docket this August is another memo from Howard Marks; a guide on the recent yield curve inversion; Jim O’Shaughnessy on the challenges but potential upsides of active investing; and the reminder that investors have more of a time horizon than they think.
We believe that clear communication of ideas and analysis contributes to sound decision-making.
Piquing our interest this month: why companies seem to be undervalued in Japan; what to do in a falling stock market; how chess computers have developed over time; and some investing wisdom from Wall Street personal finance columnist, Jason Zweig.
Given the extent of voracious readers we have here at Mawer, pulling together a recommended reads post is no easy task!
This month we learned that broader lessons from history have more leverage; how the shifts over time in the intangible tech economy are impacting businesses and consumers; that AIs are getting more lifelike and creative; and that it’s important to stop anticipating bad things happening and be more present.
We have found that many Canadian investors—or any investor, for that matter—can be reluctant to diversify beyond their borders, but portfolios solely invested in Canada might as well be an egg crate on a rickety motorcycle. You might get where you want to go, but there will likely be a lot more risk during the journey. And, for many client situations, this means too much is riding on one bet—with not enough balance.
Over the long-term, the accumulated costs of technical debt can have a financial impact on a company and its shareholders.
The need to check and recheck your numbers, a bull market for baby teeth, the lures of personal finance personalities, and how Instagram is becoming the new mall…it was an interesting month.
Mispricing patterns we’re seeing in the market; where we’re finding an edge; improving our management team assessment techniques.
A real time risk management discussion addressing the increasing regulatory pressures currently impacting a wide range of businesses in China.
The tremendous IPO activity led by tech companies; our evaluation process for a company prior to it becoming public; and recent matrix meeting outcomes for the portfolio.
Philip Fisher’s continuous relevance; determining fair value ranges for blitzscalers; and potentially overlooked opportunities in Russia and Kazakhstan.
A review of the quarter: the high-level themes have continued.
CIO Paul Moroz walks us through his “best practices” portfolio construction checklist.
Opening the Pandora’s box of Bitcoin, societal trust, and why investors might not, but need to, fully understand the technology.
“Making the macro micro” around demand trends, inflation concerns, valuations, and earnings. We discuss Comcast, Visa, Dollar General, Alphabet, and more.
A close look at our research methods to understand trends, opportunities, and challenges in the pharmaceutical industry.
How thinking like a deer in the forest (situational awareness) and other risk management process tinkering has helped the team. In addition, thoughts on the potential CP Rail and Kansas City Southern deal and TELUS International IPO.
One year since lockdown: CIO Paul Moroz summarizes the major market themes of the past four quarters and how it has (and hasn’t) affected our process and way of looking at the world.
Equity Analyst, Stanislav Lopata, shares his observations regarding the pandemic’s impacts on markets and what’s new with the portfolio.
Mispricing patterns we’re seeing in the market; where we’re finding an edge; improving our management team assessment techniques.
A real time risk management discussion addressing the increasing regulatory pressures currently impacting a wide range of businesses in China.
The tremendous IPO activity led by tech companies; our evaluation process for a company prior to it becoming public; and recent matrix meeting outcomes for the portfolio.
Philip Fisher’s continuous relevance; determining fair value ranges for blitzscalers; and potentially overlooked opportunities in Russia and Kazakhstan.
A review of the quarter: the high-level themes have continued.
CIO Paul Moroz walks us through his “best practices” portfolio construction checklist.
Opening the Pandora’s box of Bitcoin, societal trust, and why investors might not, but need to, fully understand the technology.
“Making the macro micro” around demand trends, inflation concerns, valuations, and earnings. We discuss Comcast, Visa, Dollar General, Alphabet, and more.
A close look at our research methods to understand trends, opportunities, and challenges in the pharmaceutical industry.
How thinking like a deer in the forest (situational awareness) and other risk management process tinkering has helped the team. In addition, thoughts on the potential CP Rail and Kansas City Southern deal and TELUS International IPO.
One year since lockdown: CIO Paul Moroz summarizes the major market themes of the past four quarters and how it has (and hasn’t) affected our process and way of looking at the world.
Equity Analyst, Stanislav Lopata, shares his observations regarding the pandemic’s impacts on markets and what’s new with the portfolio.