History suggests a useful upgrade to the axiom might be “Fortune favours… the prudently bold.” Examples of measured risk taking.

History suggests a useful upgrade to the axiom might be “Fortune favours… the prudently bold.” Examples of measured risk taking.
With painful inflation levels, rising rates and economic concerns, 2022 has been a hostile environment for most investors, but downside protection prevails.
A 50bps rate hike is unusual and validates the zeal with which Governor Macklem wants to normalize monetary policy as quickly as possible.
Dynamic risk management guides us in building resilient portfolios to protect capital and provide attractive opportunities for best-in-class returns.
The invasion of Ukraine by Russia has produced a high level of uncertainty globally. We continue to assess evolving risks among QV holdings.
Without a concrete investment thesis it is easier to lose conviction in what you own, increasing the risk of an ill timed exit that cements a capital loss.