Asset Allocation vs. Security Selection

As I am taking a value investing course at Rotman and am also a Portfolio Manager at the Rotman Student Investment Fund , I have been actively trying to understand whether security selection is better than asset allocation strategies. This is an old and continuing debate, and I tend to take the view that asset […]

Gold and Basel III

There has been a lot of chatter over the last few months about the changed status of gold as an asset under the new Basel III guidelines. For those unfamiliar with Basel regulations, Basel is a small Swiss town where the Bank for International Settlements (BIS) is based. The BIS is an international organization which […]

Falling off the Cliff

Ben Bernanke certainly has a way with words. During his testimony before Congress in February 2012, he warned legislators that “a massive fiscal cliff of large spending cuts and tax increases” would hit the United States on 1/1/2013. The phrase seemed tailor made for the press and TV networks who like to explain complex economic […]