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Overview of the
Canadian Hedge Fund
Industry & Common
Traits of Best Fund
Managers
Bob Thompson, B.Sc. CIM. PFP. AIFP
Portfolio Manager &
Alternative Investment Strategist
Author of "Stock Market Superstars: Secrets of
Having Discipline
“The greatest lesson in life is to know that
even fools are right sometimes.”
Thinking differently (outside the box)
“It wasn’t raining when Noah built the
ark.”
Having Confidence
“I think the big distinguishing thing is not
so much seeing the opportunities, it’s
having the nerve or conviction to follow
through.”
Capitalizing on Market Psychology
“You can’t buy what is popular
and do well.”
Management
There are a lot of reasons management sells stock, but
their belief that the stock is going higher is not one of
them.(…) Not too many CEO’s are willing to put
Sometimes the MOST amount of money is made by doing
NOTHING
“Sometimes I sit and think…sometimes I just sit.”
-TIM McELVAINE
Having Patience
“I think the single biggest weakness with
most investors is that their time horizon is
way too short.” -WAYNE DEANS
Constantly questioning yourself
”There are too many contrarians, so I will
be contrary to the contrarians.”
Not Afraid to Make Mistakes
“I've missed more than 9000 shots in my career. I've lost almost 300
games. 26 times, I've been trusted to take the game winning shot and
missed. I've failed over and over and over again in my life. And that is
why I succeed.” -MICHAEL JORDAN
Letting Winners Run
“One of the biggest mistakes investors make is selling their winners and
holding onto their loses.”
Looking for the Unusual
“When it’s in the papers, it’s in the price.”
-BILL MILLER (Legg Mason)
Important Information
This presentation is solely the work of the author for the private information of clients. Although the author is a registered investment advisor at Canaccord Genuity Wealth Management, a division of Canaccord Genuity Corp. (“Canaccord”), this is not an official presentation of Canaccord Genuity Corp. and the author is not a Canaccord analyst. The views (including any recommendations) expressed in this presentation are those of the author alone, and are not necessarily those of Canaccord Genuity Corp.
The information contained in this document has been compiled by Bob Thompson from sources believed to be reliable, but no representation or warranty, express or implied, is made by the author or Canaccord, its affiliates or any other person as to its accuracy, completeness or correctness. All estimates, opinions and other information contained in this document constitute his judgment as of the date of this document, are subject to change without notice and are provided in good faith but without legal responsibility or liability.
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