News & Insights
The Uncertainty Portfolio
“The test of a first-rate intelligence is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function. One should, for example, be able to see that things are hopeless yet be determined to make them otherwise.” – F. Scott Fitzgerald Readers of Viewpoint’s publications over […]
News & Insights
Game Changer.
I’ve been writing for some time about how the constraints that the Federal Reserve (Fed) is operating under make it such that it’s likely they will overreact to inflation, thus causing a recession. Despite the gravity of the ‘R’ word, the recession that is likely to materialize should be mild given we’re coming off a […]
News & Insights
The Economics of Care in Mental Health
With roughly one third of Canadians being affected by a mental illness in their lifetime[1], it can be argued that the historically underfunded sector of mental health care doesn’t make sense. It doesn’t make sense in the obvious humane sense, but it also doesn’t make sense economically. This is true, not just in Canada, but […]
News & Insights
Structural Alpha: Why the Diversification Premium Isn’t Going Anywhere
Factor investing has become commonplace in the world of investment management ever since Eugene Fama and Kenneth French published their three-factor asset pricing model three decades ago. Since then, a lot of dedicated work has gone into uncovering new factors and sources of excess return unexplained by the factors that came before them, launching a […]
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The World’s Sport
In the wake of an entertaining FIFA World Cup, many of us may be reeling in our recollections of the wide variety of memorable upsets that took place. Whether it be the Saudi Arabia team starting their tournament with a victory over eventual champions Argentina, or the Moroccan team knocking out Spain, the tournament was […]
News & Insights
Navigating the Sea Change
As we reflect on 2022, most investors will agree that it was challenging year. However, we can also take a prospective view that the challenges of 2022 have provided a much healthier opportunity set for investors looking into 2023 and beyond. For equity investors, depending on the strategy, most diversified indices saw losses that clustered […]
News & Insights
Stop Concentrating. Start Amplifying.
A well-known adage is that risk and reward go hand in hand. To increase your potential upside, you must be willing to withstand increasing levels of uncertainty as to whether that upside will be achieved. The prospect of becoming a famous actor in Hollywood sounds enticing, until you realize that there are very few leading […]
News & Insights
Who Killed the Phillips Curve?
As central banks around the world continue to tighten monetary policy in an effort to tame inflation, the question on everyone’s mind is if monetary policy will be able to slay the inflationary dragon without plunging the economy into a recession. Rhetoric from the Federal Reserve (Fed) would suggest that monetary policymakers have come to […]
News & Insights
Financial Literacy: What Is It Good For?
Many families struggle with conversations about money. When this includes potentially large inheritances, it can be very difficult knowing when to begin these discussions with the next generation. Do they have the skills to manage large amounts of capital? How will you help them understand this is more about passing on a legacy than money? […]