A Clear Line in the Canadian Annuity Market
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“Trees grow” is an adage that has stuck with me over the past several years.
In a post financial crisis interview, a successful investment manager was talking about his decision to load-up on Citigroup and a handful of other banks in early 2009 when the decision to do so was difficult to say the least.
The manager referenced a professor who shared the trees grow saying with him, and he emphasized the impact that the idea had on his decision to build and maintain significant long positions in banks and other financial services stocks when everyone else was certain the world was coming to an end.
The trees grow idea involves considering fundamental qualities of things—whether trees, people or businesses.
Growing is what trees do—it is...
The extreme gyrations in the stock market over the past week create great headlines and quite a bit of trading activity. Equally if not more important for retirees, however, is the related action in bond markets.
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