Chaque samedi, un financier répond à nos questions. Il donne sa lecture des marchés, offre son point de vue sur la Bourse et lance quelques conseils d'investissement. Cette semaine, Peter Guay, CFA, gestionnaire de portefeuille chez PWL Capital.
Benjamin Felix & Vijay Jog
A simple, unbiased guide for the average investor
Anthony S. Layton
“Everyone loves the family cottage, but what will happen to it after your death – or when you are unable or unwilling to cope with it during your later years?”
I am pleased to present a guide to cottage succession: Keeping the Cottage in the Family. The essence of a multi-faceted challenge to my clients and prospective clients. I sincerely believe that it can provide you with a framework for an intelligent approach to cottage succession and will help you to achieve peace of mind.
Contact Anthony to find out more about this how this guide can help you.
Carl Richards, 2012
“It’s not that we’re dumb. We’re wired to avoid pain and pursue pleasure and security. It feels right to sell when everyone around us is scared and buy when everyone feels great. It may feel right—but it’s not rational.” —From The Behavior Gap
As a financial planner, Carl Richards grew frustrated watching people he cared about make the same mistakes over and over with their money. They were letting emotion get in the way of making smart financial decisions. He named this phenomenon—the distance between what we should do and what we actually do— “the behavior gap.” Using simple drawings to explain the gap, he found that once people understood it, they started doing much better. Richards’ work now attracts thousands at BehaviorGap.com and at the Bucks Blog at The New York Times.
Daniel Kahneman, 2011
Selected by the New York Times Book Review as one of the best books of 2011
A Globe and Mail Best Books of the Year 2011 Title
One of The Economist’s 2011 Books of the Year
One of The Wall Steet Journal's Best Nonfiction Books of the Year 2011
Winner of the 2011 Los Angeles Times Book Prize for Current Interest
Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Thinking, Fast and Slow will transform the way you think about thinking.
Anthony Layton & Peter Guay
Markets have shown us recently why diversification is so important. With the Canadian stock market trailing behind the US and International markets for the last eighteen months, it’s important to have a healthy share of each. Our latest blog post discusses diversification in its various forms and why it is the only ‘free lunch’ in investing.
Peter and I are excited to announce the launch of our new monthly Investment Philosophy blog series "The Science of Investing". We’ll start with the basics of the PWL investment philosophy and work our way deeper into investment topics, wealth management issues and behavioral finance research that underpins what we do and how we do it. These blogs will complement Ray Kerzerho’s monthly Economic Pulse articles.
Larry Swedroe, 2011
The final word on passive vs. active investing
The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained.
Rob Carrick, 2009
This book is super-savvy, easy to use, and written in a no-nonsense, take-no-prisoners style that's often outrageously outspoken. Rob Carrick is a highly respected Globe and Mail columnist and expert on personal finance and consumer banking, Rob Carrick's Guide to What's Good, Bad and Downright Awful in Canadian Investments Today is the only all-Canadian practical guide to protecting yourself and prospering in a challenging economy.
Systematically arranged with clear and logical headings and handy lists of information, this is a book that can be read cover to cover with enjoyment and to great personal benefit, and used also as a reference for answers to specific concerns.
Dr. Leonard Mlodinow, 2008
From the stock market crash to unemployment rates, election results to the winner of the World Series, Hollywood stardom to college admissions, we like to believe our world is governed by order and logic. Yet acclaimed writer and scientist Leonard Mlodinow argues that most successes and failures are actually the result of “fortuitous circumstances,” and we’ll judge them incorrectly if we don’t accept the fact that randomness rules.
Charles D. Ellis, 2002
Timeless Strategies for Successful Investing