Blog: Cutting Through the Noise
Postings
Sowing the Seeds
Excerpt from Tom Bradley's blog on September 4, 2008
I came across a great quote today and it is totally applicable to the market environment we find ourselves in. It comes from Tim McElvaine's newsletter (www.mcelvaine.com). He in turn got it from an interview with Chris Davis of Davis Select Funds in the U.S...
The Unanswerable Question
Excerpt from Tom Bradley's blog on August 29, 2008
I'm not much of a tape watcher or television junkie, but I've had the Business News Network (BNN) and Bloomberg News turned on more than usual this week. I don't know why really, because it has been an incredibly slow week for business news...
Scale, Scale, Scale
Excerpt from Tom Bradley's blog on August 28, 2008
I understand "location, location, location" in the real estate business." What I don't get is "scale, scale, scale" in the investment business. But "scale" is the word of the week in our industry. Both Rick Waugh, the CEO of Bank of Nova Scotia, ("We've got to get more...
The Selling Side: Where the Best Money Managers Earn Their Chops
Excerpt from Tom Bradley's blog on August 25, 2008
The Globe and Mail, Report on Business. Published August 23, 2008. For a while now I have been trying to buy my neighbour's property. He hasn't lived there for 15 years, but keeps it as an investment. When I broach the subject with him, he smiles and says...
Short Termism - Doesn't Make Sense
Excerpt from Tom Bradley's blog on August 21, 2008
Dan Lewin, a friend and former colleague, sent me an interesting piece last week. It is a letter to clients from Howard Marks, the Chairman of Oaktree Capital Management, a U.S. asset manager. It is all good, but I particularly liked his opening theme...
Saxon Deal will Complete Predictable Life Cycle
Excerpt from Tom Bradley's blog on August 11, 2008
The Globe and Mail, Report on Business. Published August 9, 2008. This week, we saw another independent asset manager bite the dust. It was announced that IGM Financial, through its Mackenzie division, has made an offer to buy Saxon Financial. It was...
