There’s No Margin of Safety When You Buy Using Leverage

Buying stock on margin occurs when you borrow money to purchase securities. It’s called leverage because it magnifies your results in both directions.  Warren Buffett has said “if you’re smart, you don’t need it; if you’re dumb, you shouldn’t use it.” For example, imagine you have $100,000 of your own money to invest but you […]

How Fed Up Will the Market Get After a September Rate Hike?

Many have said “bull markets don’t die of old age; central bankers kill them.” The conventional wisdom is that once rates start to head higher, stocks are less attractive because the cost of borrowing becomes more expensive and investors are offered an income-producing alternative by the bond market. However, history says they are wrong. The […]

Will the Market have Separation Anxiety this October?

On October 19, 2026, Alberta will have a referendum about whether it should have a referendum to separate from Canada. The exact wording on the ballot for one of the ten questions will read: Should Alberta remain a province of Canada, or should the Government of Alberta commence the legal process required under the Canadian […]

Include this Infrastructure Stock when Building Your Portfolio

With the market hitting record highs daily, finding compelling new opportunities at attractive entry points has become increasingly challenging. Brookfield Infrastructure (“BIPC”), which hit almost $70 as recently as March, has pulled back just about 25% the last several weeks to $53.34 today. (Disclosure: Clients, Jeff Pollock, and Sunni Schneider have a financial interest in […]