Every Friday, QV Investors distributes a market commentary that outlines various market events that happened throughout the week along with any market issues and/or changes affecting the Candadian Small Cap Fund.
Remember the inundation of articles over the last few years promoting the notion of infinite demand in China and India for commodities. The Chinese population was reported to be moving into cities at the pace of one New York City a month.
Two weeks ago the subtitle of our letter was -
Investment Manager Marketing - BEWARE. Our marketing department would be outraged by our title in this week's letter. But hold on, before we are delegated back to the "research room" let us ...
Investment Manager Marketing - BEWARE
Our portfolio of quality companies with strong management, blah blah blah. How many times have investors heard about the quality companies their manager owns? Just this week there was a column on a hedge fund manager ...
See all Weekly Updates Archive
On non-quarter-end months, QV Investors distributes a broad market commentary that discusses major market themes along with outlining the monthly peformance of all QV Investors pooled funds.
Bailing with Bigger Buckets - The Boat Still Leaks
Yesterday, Timothy Geithner, Barack Obama's Secretary of the Treasury, introduced the Financial Stability Plan FSP, replacing, the Troubled Assets Relief Program, or TARP, the acronym of which had the unfortunate connotation of a cover-up. ...
Ms N. and Mr M. are financial consultants whose views and questions we respect. They have asked us two posers during recent client presentations - Ms N. asked, "When will it end?" and Mr M. asked, "What could make you wrong?"
For equity investors, the months of September and October seemed like an eternity. Losses, year-to-date, were worse than even the "bears," like ourselves, predicted. One must now go back to the early 1970's and, even worse, the 1930's, to compare with other ...
See all Monthly Updates Archive
Every quarter-end, QV Investors compiles an update that includes a general market essay along with individual pooled fund updates. This commentary package is also included within our private clients' Portfolio Performance Reports.
For several years, we had been running scared. We had wondered at the policies and actions of our American neighbour and we were fearful we were living in a financial house of cards. Well, the 37% hit to the S&P 500 and ...
As most of our clients know, we have been fearful for a long time. This is why we have been defensive. This is why we sold down our commodity stocks when others were buying. This is why we bought more fixed income ...
Over the past year, international equity markets recorded split results. Those stock markets with significant mineral and energy components - Brazil, Russia, South Africa, and Canada, rose. Those without minerals fell. Energy and mineral or hard asset companies now dominate the S&P/TSX ...
See all Quarterly Updates Archive