AI Unleashed and Other Platitudes
The equity markets overcame a slew of negative macro and fundamental developments and posted positive returns in the first quarter of 2023.
Disinflation and Other Platitudes
The last quarter of 2022 was choppy across asset classes.
Thoughts on the Russia-Ukraine situation
Let us preface this note by saying that our thoughts are with all Ukrainians whose Canadian diaspora is the largest in the world after Russia’s. We are praying for a rapid de-escalation of the situation.
From Lagado Projectors to Modern-Day SPAC Sponsors
In Jonathan Swift’s Gulliver’s Travels, Gulliver visits Lagado, the metropolis of the fictional island of Balnibarbi where he is given the privilege to examine the works of the Grand Academy’s scholars called Projectors.
Enters Plutus, the Greek God of Wealth
Johann Wolfgang von Goethe was not a particularly prolific writer. The genesis of his magnum opus took over 30 years.
The Great Deconfinement
One of the most acclaimed role-playing video game from the genre’s golden era is Fallout.
The S&P 500’s “Metamorphosis”
Franz Kafka’s novel The Metamorphosis is about a travelling salesman who wakes up one day inexplicably transformed into a large insect.
Two ways. Gradually and then suddenly
This is what one of the protagonists in Hemingway’s 1926 novel The Sun Also Rises responds when asked how he went bankrupt.
The Wuhan-coronavirus and the financial modelling of unknown unknowns
In 1951, American author George Stewart was awarded the first International Fantasy award for his novel, Earth Abides.
What to make of the US-Iran escalation…
One of our objectives in 2020 is to engage more frequently with our stakeholders when an event that is perceived to have a significant impact on global capital markets takes place.