![]() A good company doesn’t always equal a good stock a struggling firm can bring handsome rewards.Įquity investing is more than numbers, charts, and equations. Growth managers can be guilty of buying “growth at any price” only later to realize sharp losses as future expectations become grounded. Many value managers lead with “cheap” but fail to acknowledge a compromised business. Some of the most significant investment errors are forgetting one without the other. Equities care little about yesterday.įundamentals drive long-term returns, but the price you pay matters. This is why stocks are so volatile and why some gyrate more than others – the market believes that certain stocks have clearer futures. Predicting tomorrow isn’t easy, but accurately forecasting coming years and even decades is near impossible. Unlike bonds, stocks don’t expire, so their future can be a long time. ![]() Buy.” Even if we choose to ignore its complexity, respect that it is there.Īpologies to all chartists, technicians, and quants, but equities represent the present value of a company’s future cash flows. While there are many ways to make money in the market, it’s never as easy as saying “High P/E. Innovations like online trading, ETFs, passive and factor investing, etc., have greatly benefited our industry and helped democratize access to this excellent wealth machine. Sometimes it seems like equity investing is so easy that a cave dweller can do it. Staying grounded and managing these inevitable emotions are key to compounding wealth over the long term, which of course, takes a long time. It can bring joy and pain, fear and hope, pride and shame, anger, and comfort. The stock market is a reflection of human emotion. The stock market can be a wealth-generation machine but humbles even the brightest. There are many types, but arguably the most significant risk is the permanent loss of capital due to not having a plan. Permabears beware.īut doesn’t everything good in life? Stocks are volatile, which is just one aspect of risk. Human ingenuity and capitalism are a powerful combination that has stood the test of time. Yet, not only did the stock market recover from the worst drawdowns in its history, but it did so in dramatic fashion. Some of these have caused nasty declines that lasted years. It’s seen wars, recessions, depressions, pandemics, terrorist attacks, and speculative bubbles. Whether 200 years, 100, 50, or 25, no other asset class has generated as much wealth as the stock market. Sure, there are periods of exception, but they haven’t lasted long. All of these are important characteristics of compounding wealth in equities. But, if you flip it on its side, it becomes ∞, the symbol for infinity, representing the long-time horizon that these assets are valued upon and the duration that all great companies aspire for. In some cultures, it’s considered a lucky number. It also represents the ability to make decisions. In numerology, 8 symbolizes wealth, abundance, and achievement. Why 8? This is a special number for the Carson Equity team. However, these are the eight principles that govern our attitude, style, and focus for the greatest prediction machine ever known – the stock market. There are many ways and styles to navigate this beautiful yet treacherous terrain. It is intensely competitive, humbling even the sharpest minds.It funds some of the most innovative companies in the world.It is the greatest wealth creator known to humanity. ![]() The issues for Nutrien and other exporting businesses began on July 1, when approximately 7,500 workers from the Port of Vancouver and Port of Prince Rupert walked off the job.īoth ports are critical hubs for the importation of raw materials and exporting natural resources and commodities. Download the CTV News app to get breaking news alerts from across Saskatchewan sent to your deviceĪn updated forecast for the second quarter is planned to be released on Aug.Nutrien currently sees 2023 adjusted earnings before interest, tax, depreciation and amortization (EBITDA) below the low end of its forecast of $2.65 billion to $3.35 billion due to global potash prices, the strike in B.C and a terminal outage in Portland. If the disruption is extended, production at Saskatchewan mines could be affected. ![]() The Saskatoon based company said it is expecting core earnings to fall below its forecast due to offshore sales being delayed through the Canpotex terminal.Ī workers strike at the Port of Vancouver has led to the loss of exports through Canpotex’s Neptune terminal. ![]() Nutrien LTD announced on Tuesday that it has reduced production at its Cory potash mine. A port strike in British Columbia is affecting the world’s largest potash producer and Saskatchewan is feeling the impact. ![]()
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