Blog

Dave Canal
March 29, 2016

How often have you heard an investment management firm discuss or write about their sell discipline?  Probably never!  Most firms don’t have one.  I was, in fact, in the investment business for 35 years before I fully realized its importance.   Even then, it wasn’t my epiphany.  The realization was forced on me by a client who became a friend...

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Dave Canal
January 27, 2016

An economic paradigm shift occurs over a long period of time.  As a consequence, it is often not recognized by most people as it is happening.  This seems to be the present situation with China.   It is not until a new paradigm reaches an inflection point of change that it becomes obvious ... at least to some.   My belief is that we in the...

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Dave Canal
January 21, 2016

Market Update

January 14, 2016

We are sending this note to give you our perspective on the recent global market turmoil and volatility.  We realize these periods can be very unsettling and stressful.  It’s difficult to keep your cool when the 24/7 news cycle is on high alert as these events unfold.  While...

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Dave Canal
November 18, 2015

The investment world offers a choice between two different investment approaches.   However, one has to be aware of what the choices are.  Each has a time when it is the appropriate style.  The first is a “top down” process based on macro events.  It is the process virtually every professional money manager uses. The second is micro.  Micro...

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As I grow older, I pay less attention to what men say. I just watch what they do.

– Andrew Carnegie