The Canadian Investor

Year-End Changes We are Making to our Portfolios

Dec 9, 2024

The hosts dive deep into the nuances of growth, value, and quality investing, emphasizing the importance of personal strategies. They explore the intriguing correlation between Bitcoin and global liquidity, revealing how macroeconomic shifts impact various assets. Recent portfolio changes are shared, highlighting reallocations towards Canadian growth stories and increased cash positions. Personal experiences underline the need for a balanced approach, especially in volatile markets, while reflecting on the emotional aspects of investing.

57:43

Creator website

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The debate between growth, value, and quality investing emphasizes the necessity of understanding personal investment priorities and methods.

Research indicates Bitcoin's price is closely linked to global liquidity trends, significantly impacting its valuation relative to other assets.

Recent portfolio adjustments reflect a strategic approach to reallocating capital and increasing cash reserves to manage risks effectively.

Deep dives

Returning to the Podcast

The hosts discuss their recent return to the podcast after a brief hiatus, highlighting their appreciation for listener feedback and support. Personal circumstances necessitated the break, and the hosts express a renewed enthusiasm for sharing insights in the financial markets. As they approach a notable milestone of 500 episodes, they acknowledge the ongoing commitment required to produce such a large volume of content. Their interaction underlines the relationship they maintain with their audience and the importance of being engaged with their listeners.

Intro

2min

Navigating Investment Strategies

12min

Bitcoin and Global Liquidity Correlation

10min

Navigating Investment Strategies

16min

Navigating the Challenges of Short Selling and Pyramid Schemes

2min

Navigating Investment Strategies

12min

Navigating Market Volatility and Real Estate Strategies

4min

In this episode, Simon and Braden explore the nuanced debate between growth, value, and quality investing. Braden shares his perspective on how these styles overlap and differ, emphasizing the importance of understanding your own "order of operations" when analyzing investment opportunities. Whether you're starting with business quality or valuation first, this discussion will help you refine your approach.

They also dive into a fascinating research piece by Lyn Alden and Sam Callahan, examining Bitcoin's strong correlation with global liquidity. The piece also looks at how global M2 influences equities, and other assets, and why liquidity matters more than you might think for long-term investors.

Finally, Braden walks through recent moves in his portfolio, including trimming winners like TFI International and reallocating capital to Canadian growth stories like Terravest and WSP Global. Simon explains recent adjustments he has made to his strategy, including increasing cash allocation with US treasury bills to balance risk and take advantage of future opportunities.

Tickers of stock discussed: TFII.TO

Bitcoin: A Global Liquidity Barometer

Check out our portfolio by going to Jointci.com