Insights
These concise papers provide a detailed look at the factors that contribute to the investment decisions we make at Sionna.
Commodity Cycle, Epilogue or Sequel?
April 2014
The TSX is the most resource intensive of the major markets in the world. Today, the combination of the Energy and Materials sectors sums to 38% of the benchmark and thus has a significant impact on our market and returns.
Focus on Fundamentals, Not Fuzzy Forecasts
January 2014
The question of what happens when interest rates rise is one that has no clear answer. Many investors are trying to understand the impact of a rising rate environment on the equity markets so they can invest accordingly.
Sticking to What Works
October 2013
After 30 years of falling interest rates, investors have become fixated on the potential impacts that rising rates and the end of quantitative easing will have on the economic recovery and the stock market. Today’s investing environment is unquestionably unique which explains the concerns.
No One Washes a Rented Car
July 2013
Warren Buffett has often addressed the issue of his acquisition criteria in the Berkshire Hathaway annual letter to shareholders.
Capital Allocation: A Sign of Management Savvy
April 2013
Sionna’s disciplined investment process focuses on the key qualities of a business: competitive advantages, financial strength, quality of management and valuation, among others. Examining quality of management can be difficult to do, because there are so many intangible aspects to it.
Catalyst – A Four Letter Word
January 2013
Sionna is always investigating areas of the market that are unloved and out of favour in search of great bargains. Individual companies, industries and even entire sectors can become inexpensive from time to time.
« Previous 1 … 6 7 8 9 10 Next »