stock prices

Friends of mine who work as brokers sometimes say, “You must have an awful opinion of us, judging by the terrible things you say about brokers.”



That’s a misconception. Brokers are human—some are people of high integrity, others less so. But I do have a low opinion of many of today’s investment products and services....
The top value stocks are inexpensive and likely to rise over time, but you need to choose carefully.
The best stocks to hold in your portfolio all have one thing in common: They give you reason to believe they might be worth holding on to indefinitely.


Most of these stocks have an established business and a history of sales gains, plus some earnings, if not dividends....
If you’ve been investing for a number of years, you’ve probably heard of the “summer market doldrums”. Some investors take this to refer to the sluggish periods that the market goes through every summer. That same sluggishness appears in other businesses. In both cases, it has something to do with the timing of customer vacations.



Other investors think of the summer doldrums as the source of the market’s seasonally weak performance between May and October....
One of our portfolio management clients recently wrote to say, “It seems lots of economists advise that we should lower our future expectations on portfolio returns. They think future results will fall way below market returns since, say, 1985. What do you think?”



The U.S....
A long-time portfolio management client asked about a reference I made in a recent client letter, to the possibility that the U.S. is headed for political and/or financial upheaval.



This client came to Canada from Central Europe after the Second World War....
Imperial Oil stock (Toronto symbol IMO) is Canada’s second-largest publicly traded oil company, after Suncor Energy.
The best investing decisions are well thought out and based on these sound investing strategies
Here’s the text of my most recent quarterly letter sent to our Portfolio Management clients in early July:

“If you’re one of our long-time readers, you may recall that starting in the mid-1990s, I often wrote about what I called the “Three Special Energizers”:

  1. The move toward free trade and free enterprise around the world....
For many investors, the stock trading advice they follow is to decide which stocks to buy, and then try to buy below market price.