It's Nice To Have Options

Tuesday, April 10, 2012

It's Nice To Have Options

U.S. stock markets have dominated Canadian stocks to the tune of 7% to 9% so far in 2012, depending on whether you hedge for currency (not including dividends, which would add 0.12% to Canadian stock performance in the period).

Source: Stockcharts.com

There is a world of opportunity out there - how are you taking advantage of it?

Source: Butler|Philbrick|Gordillo & Associates. Data from Yahoo.

Finally, it is the long term investor, he who most promotes the public interest, who will in practice come in for the most criticism, wherever investment funds are managed by committees, boards, or banks.

For it is the essence of his behaviour that he should be eccentric, unconventional, and rash in the eyes of average opinion.

If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

John Maynard Keynes, 1936