Boy, Did I Learn a Lot in 2022

Aaron Hoddinott's lessons learned from 2022

It’s got to be -100 degrees celsius outside as I sit here in my Calgary office writing this annual letter, reflecting on 2022 and the crazy yet highly educational year it was. The stock market is always changing, but this year stands out for many reasons. They say you learn more from your losses than […]

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Retail Investors Dive in With No Lifejacket

growth in margin loans puts retail investors in tight spot

Growth in margin loans and retail investor participation are soaring alongside rampant speculation, we may be nearing a market top – at least for the short-term (click here for more information on seasonality factors at play). These phenomena have been on full display in recent weeks (e.g. GameStop), with the latest example being silver’s surge […]

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