Rising Debt and its Potential Consequences: Canada’s New Normal?
Crista Caughlin, CFA, Portfolio Manager, Fixed Income
Kevin Minas, CFA, MBA, CAIA, Institutional Portfolio Manager
We need to understand where we are in the debt super cycle to inform our investment decision making.
May 2023
Artificial Intelligence: The Return of The Centaurs
Justin Anderson, CFA, MSc, Equity Analyst,
Kevin Minas, CFA, MBA, CAIA, Institutional Portfolio Manager
Recent AI breakthroughs are underscoring the power of the centaur model—humans + machines—creating something more potent than either model operating independently.
May 2023
The Case for Non-Predictive Decision Making
Rob Campbell, Institutional Portfolio Manager
In our view, market participants systematically underestimate the importance of vulnerabilities while correspondingly overestimating the importance of triggers. Why?
April 2023
How to Make (Good) Decisions
Paul Moroz, Chief Investment Officer, Portfolio Manager
The goal of this paper is multi-purpose. First and foremost is to elevate the consideration of decision making itself. Second, recognizing that the core product of many organizations is decisions, leaders may choose very different paths in determining how they are made. Our epistemic belief is that the environment in which an organization operates plays an outsized role in the quality of the decisions made. Third, we aim to inspire thought with regards to ideas and processes that lead to better decisions; ones that can be applied to business and life, just as much as investing.
June 2022
The Past, Present, and Future of Inflation
Samir Taghiyev, Portfolio Manager, Canadian Small Cap Equity
What can we learn from past inflationary cycles? What are the main drivers of inflation today? And as investors, what should we do as the world continues to evolve?
February 2022
What Dreams May Come: Bitcoin a Revolutionary Technology or Passing Fad?
Justin Anderson, Equity Analyst
Understanding how Bitcoin works is critical for assembling the mental toolkit that will allow us to comprehend the more general role of blockchains—i.e., the role they may have in ushering in that lofty vision that reaches beyond a mere trustless currency/asset.
June 2021
How Mawer Thinks About Capacity: Global Equity Case Study
Mawer Global Research
In this piece, we’ll describe our framework for managing capacity, both for individual strategies and across our investment platform; we’ll summarize the measures we’ve taken historically to preserve our ability to add value for our existing clients; and, we’ll use our global equity strategy as a case study for how we’re evaluating capacity today.
April 2021
On Modern Monetary Theory
Paul Moroz, CFA, Chief Investment Officer
We explore the evolution of Modern Monetary Theory (MMT) and the notable economic ideas on which it is based. We highlight some criticisms and discuss implications of MMT for economic policy and financial markets. The purpose of this paper is less focused on opining whether MMT is fundamentally sound, but rather aimed at understanding MMT's development and how the ground may shift if indeed MMT-based policies are more widely embraced.
January 2021
