Art Of Boring

Inflation cycles throughout history, Keynes vs. monetarists, and why the enemy is…still us.

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.

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 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.

    iTunes description: 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.

How the EAFE LC team is improving the overall process and a deeper look at holdings DSV, Kuehne+Nagel, and Anglo American.  

Deputy CIO Christian Deckart discusses market performance in a “story of three quarters” and some new holdings we added to the portfolio—Admiral Group and Novo Nordisk.

CIO Paul Moroz discusses some of the Research team’s 2020 learnings—highlights include the challenge of using the market as a feedback system and the “Ben Stiller Theory.”