In the world of behavioral finance, there is a well-documented phenomenon known as loss aversion. Nobel Prize-winning psychologists Daniel Kahneman and Amos Tversky found that the pain of a loss is psychologically twice as powerful as the joy of an equivalent gain. Statistically, most investors require at least a 2-to-1 gain to offset the emotional […]
Over the weekend, the United States took control of Venezuela’s oil assets. Given Venezuela’s vast oil reserves, it has naturally raised questions about whether Canadian oil producers should be concerned. On paper, Venezuela’s oil reserves are enormous. The country holds close to 17% of the world’s oil reserves, roughly 300 billion barrels, more than Saudi […]
Canadian real estate prices took off during the last two decades alongside ultra low interest rates. Many people sought to buy a second property in a real estate market that once seemed invincible. Lately, however, many regret that decision as prices have come back down to earth amid higher borrowing costs. As a portfolio manager […]
