Premortem - what if we are wrong

Published by Richardson GMP on Jun 24, 2019

What if we are all wrong? In this Ethos we take a look at the benefits and how to incorporate a premortem into an investment process / potential trade. This helps mitigate the impact of Confirmation and Overconfidence biases.... Continue reading
Did Alternatives get an F in 2018?

Published by Richardson GMP on Jun 17, 2019

Alternatives can be a great diversification option for your portfolio. Yet after the correction of Q4 last year and rebound in Q1, many investors were left wondering if some of their ‘Alts’ had a lot more market exposure than they thought.... Continue reading
More than a whisper

Published by Richardson GMP on Jun 10, 2019

The talk of recession became much louder last week. In this Ethos we share our thoughts on recession probabilities, what the bond market is telling us and some non-bond market indicators of future economic activity.... Continue reading
Performance Chasing

Published by Richardson GMP on Jun 03, 2019

We decided to take a break from the tariff talk this week. Instead we took a look at performance chasing which we would argue does more damage to investor’s long term returns than tariffs ever could.... Continue reading
Equities vs. bonds: Who is right?

Published by Richardson GMP on May 27, 2019

Equities have had a great rebound in 2019 and bonds yields have continued to move lower. Sooner or later this divergence will likely end. Either the economic data improves and bond yields rise again, or the data doesn’t improve and stocks fall.... Continue reading
Sometimes it pays to be good

Published by Richardson GMP on May 21, 2019

This week we covered, Environmental, Social and Governance (ESG) investing, not focusing exclusively on how it can change the world for the better, but how to use the framework to enhance portfolio returns.... Continue reading
Margin Watch

Published by Richardson GMP on May 13, 2019

In this week’s Ethos we dive back into margins. During Q1 earnings season, margins remained stable, but we are seeing some potential headwinds as the year progresses.... Continue reading
The Long and Short of CAD

Published by Richardson GMP on May 06, 2019

In this week’s Ethos we take a look at currencies, specifically the USD/CAD. While the USD is rising on the flare up in trade concerns, improving global growth later this year may prove to be a positive for CAD.... Continue reading
KYP (Know Your Portfolio)

Published by Richardson GMP on Apr 29, 2019

In this week’s Ethos, Know Your Portfolio, we take a look at a number of different approaches to truly understand the exposures, tilts, and scenario analysis within a portfolio, fund, ETF or index.... Continue reading
Animal Spirits

Published by Richardson GMP on Apr 22, 2019

In this week’s Ethos we take a look at how the market’s mood, or aggregate market participant’s moods, change over time with various ways to measure. Spoiler alert, the market is in a rather good mood these days.... Continue reading