Articles in this issue:
Chairman’s Message: Our Time in Japan
My colleague Eric Weir and I spent a week in Tokyo and Kyoto this past month. We were struck by the beauty and culture of the country, as well as how pleasant and welcoming the Japanese people are…
Federal Budget Recap
When the budget was released there were only a small number of income tax changes that will affect private clients. These changes are largely intended to address areas where the government sees the system not functioning efficiently or fairly…
Why We Don’t Do Macro Investing
At Northwood, we don’t believe in market timing or making investment bets based on geopolitical or macroeconomic predictions. We think it is wiser and more productive to base our investing on the specific goals of our clients and to invest their money in individual companies at prices below their intrinsic value…
Time-Weighted vs. Money-Weighted Performance
The Canadian Securities Administrators (CSA) have recently implemented measures to enhance the meaningfulness and transparency of the investment account statements clients receive and review…
Finance Grade 1(01) – 10 Years Later
About 10 years ago I wrote an article for the spring issue of our newsletter about my six year old daughter Sarah. She asked: “Could I come into her class and tell them about what I do?” I thought I would look back over the last 10 years and see if there is anything I would change in how I approached my answer to her question…
