Q: If you could only own one which would you recommend.
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: What's your view on using protective puts and covered calls?
Q: August 5,
another div'd increase for your update list.
Boston Pizza dividend is now .10 / M was .085 / M
another div'd increase for your update list.
Boston Pizza dividend is now .10 / M was .085 / M
-
Alphabet Inc. (GOOG)
-
BRP Inc. Subordinate Voting Shares (DOO)
-
goeasy Ltd. (GSY)
-
Aritzia Inc. Subordinate Voting Shares (ATZ)
Q: Uncle Harry finally died and left me $100000.00 which I totally didn’t expect from the old tight wad…. Would you feel comfortable investing it all now? 5 of your favorites would be appreciated and I am not risk adverse in this situation….Appreciate your great service….
Q: Hi 5i,
Is PAAS a good buy now that it pulled back?
Is PAAS a good buy now that it pulled back?
Q: Stock has popped...would you wait for a pullback, enter half position now and see what happens, or comfortable going in with full position. In other words, is it ahead of itself or does current price fairly reflect results and projections?
Q: BAM sitting on $111 million U.S. ready to deploy. How do you like it’s currents war chest and future capital appreciation? Would you buy , and possibly over weight?
Q: Rolled out of TOI and into LSPD. (Taking a tax loss on TOI). In a binary situation in todays market do you prefer on over the other?
Q: Have you given colour commentary on BAM earnings yet?
Sheldon
Sheldon
Q: I've owned Trisura for some time, and it's been very volatile. Is the growth over the next 3 to 5 years worth the volatiliy, or should I switch to something more stable like Intact Financial.
Q: Hi 5i Team - Is coin a buy at these levels if I would like to have a small holding in the crypto-currency space. Does it have other components as well as crypto-currency. Thanks.
Q: Your comments please on the earnings of these two companies. Thanks
Q: What do you make of ECN's earnings? Would you add to a position?
Q: Could I have your comments on Nexus earnings.
Is their new industrial focus working?
Thanks
Is their new industrial focus working?
Thanks
Q: Columbian Government has proposed a tax reform bill that seeks approval from lawmakers.
Part of the bill asks for 10% tax on oil exports at price over $48/barrel as well as removing the tax deduction for Royalty payments.
Are you able to offer a reasonable opinion on how heavy a financial hit this may have on Parex? If not please just ignore question.
Part of the bill asks for 10% tax on oil exports at price over $48/barrel as well as removing the tax deduction for Royalty payments.
Are you able to offer a reasonable opinion on how heavy a financial hit this may have on Parex? If not please just ignore question.
Q: Hello
thoughts on PBLs quarter, business performance and price vs valuation - thank you for your thoughts.
Patrick
thoughts on PBLs quarter, business performance and price vs valuation - thank you for your thoughts.
Patrick
Q: May I please have your opinion on AQN's Q2?
With appreciation,
Ed
With appreciation,
Ed
Q: Hello, your thoughts on the qtr, business performance going forward, price vs valuation - many thanks
Patrick
Patrick
Q: Hi guys
I read something recent from Vitaliy Katsenelson (love his writing) which really hit home..... his thought that buying a stock is an "act of arrogance." I have copied part of it below. Please make it Public if you think his thoughts have value. You often remind us, like Mr. Katsenelson, that there is always someone else on the other side of a trade - with opposite thoughts on an equity.
Thoughtful Arrogance
Volatility can be both a feature and a bug of investing. Value investors attempt to treat it as a feature. We try to take advantage of the exuberance of the upswing and the pessimism of the downswing. I use the words attempt and try because though this approach sounds great in theory, reality proves to be a lot more challenging. This gap between theory and practice is created because volatility doesn’t waltz in a vacuum.
Upswings are accompanied by optimism and a positive news , or at least the positive spin the crowd puts on the news – this pushes a stock up. Downswings don’t happen in a vacuum, either; they are accompanied and usually driven by negative news, which results in Mr. Market marking down the value of your initial investment. Fear sets in. What if Mr. Market is right? What if this new news and the army of commentators on CNBC are right?
As the great American philosopher Mike Tyson said, “Everyone has a plan until they get punched in the mouth.” Theory gives you the game plan (buy more when the stock is down), but then the market punches you in the mouth.
Our ultimate goal is to narrow the gap between theory and practice and take advantage of volatility. We do this through thoughtful arrogance.
Let me explain.
Investing is an act of arrogance. You are basically saying, “I am right and the person on the other side of the transaction, who is buying a stock from me or selling it to me, is wrong.” Value investing takes that arrogance to an even greater extreme, as you are often buying unloved, if not hated, stocks.
However, arrogance comes in different forms. Plain vanilla arrogance is very dangerous in investing. Softbank CEO Masayoshi Son built Softbank out of nothing. He is one of the richest people in Japan, he is a visionary, and he has had one of the best multidecade investment track records.
However, today his Vision Funds are at the tip of the spear of dotcom 2.0 as it shatters against the rock-hard wall of economic reality, losing his investors tens of billions of dollars this year. Mr. Son is solely responsible for it. He recently admitted, “When we were turning out big profits, I become somewhat delirious.” Success went to his head. He started thinking that he had the Midas touch. This is why temperament is so important in investing: We are our own biggest enemy.
And then there is thoughtful arrogance.
This arrogance requires amnesia of your past successes and failures; it is earned with your current sweat, through thorough research. Your research leads you to conclusions that often disagree but sometimes agree with the prevailing trends in the market. Arrogance – belief in your process and research – allows you to follow through on your conclusions, even if the market scorns them.
Stuart
I read something recent from Vitaliy Katsenelson (love his writing) which really hit home..... his thought that buying a stock is an "act of arrogance." I have copied part of it below. Please make it Public if you think his thoughts have value. You often remind us, like Mr. Katsenelson, that there is always someone else on the other side of a trade - with opposite thoughts on an equity.
Thoughtful Arrogance
Volatility can be both a feature and a bug of investing. Value investors attempt to treat it as a feature. We try to take advantage of the exuberance of the upswing and the pessimism of the downswing. I use the words attempt and try because though this approach sounds great in theory, reality proves to be a lot more challenging. This gap between theory and practice is created because volatility doesn’t waltz in a vacuum.
Upswings are accompanied by optimism and a positive news , or at least the positive spin the crowd puts on the news – this pushes a stock up. Downswings don’t happen in a vacuum, either; they are accompanied and usually driven by negative news, which results in Mr. Market marking down the value of your initial investment. Fear sets in. What if Mr. Market is right? What if this new news and the army of commentators on CNBC are right?
As the great American philosopher Mike Tyson said, “Everyone has a plan until they get punched in the mouth.” Theory gives you the game plan (buy more when the stock is down), but then the market punches you in the mouth.
Our ultimate goal is to narrow the gap between theory and practice and take advantage of volatility. We do this through thoughtful arrogance.
Let me explain.
Investing is an act of arrogance. You are basically saying, “I am right and the person on the other side of the transaction, who is buying a stock from me or selling it to me, is wrong.” Value investing takes that arrogance to an even greater extreme, as you are often buying unloved, if not hated, stocks.
However, arrogance comes in different forms. Plain vanilla arrogance is very dangerous in investing. Softbank CEO Masayoshi Son built Softbank out of nothing. He is one of the richest people in Japan, he is a visionary, and he has had one of the best multidecade investment track records.
However, today his Vision Funds are at the tip of the spear of dotcom 2.0 as it shatters against the rock-hard wall of economic reality, losing his investors tens of billions of dollars this year. Mr. Son is solely responsible for it. He recently admitted, “When we were turning out big profits, I become somewhat delirious.” Success went to his head. He started thinking that he had the Midas touch. This is why temperament is so important in investing: We are our own biggest enemy.
And then there is thoughtful arrogance.
This arrogance requires amnesia of your past successes and failures; it is earned with your current sweat, through thorough research. Your research leads you to conclusions that often disagree but sometimes agree with the prevailing trends in the market. Arrogance – belief in your process and research – allows you to follow through on your conclusions, even if the market scorns them.
Stuart
-
Broadcom Inc. (AVGO)
-
Intel Corporation (INTC)
-
NVIDIA Corporation (NVDA)
-
Advanced Micro Devices Inc. (AMD)
Q: Hello,
I am looking to get exposure into semiconductors market with 2-5 year time horizon. Which of the two (NVDA or INTC) would you consider as a better investment and would you suggest any other options in the US market. Thanks in advance!
Irek
I am looking to get exposure into semiconductors market with 2-5 year time horizon. Which of the two (NVDA or INTC) would you consider as a better investment and would you suggest any other options in the US market. Thanks in advance!
Irek