National Bestselling Author, Market Masters Robin Speziale National Bestselling Author, Market Masters

What I learned From Canada’s Top Investors

What I’ll Talk About: My Personal Finance Journey The Market Investing Strategies

Disclaimer I’m not a financial advisor. This presentation does not contain any stock recommendations. Investing always has inherent risk. Please consult a professional.

My Personal Finance Journey – portfolio value ~$300,000 $250,000 $100,000 $50,000 $10,000 High School University (+ Co-op) Career (2010 – 2016-) Today

How I did it Earn Save Invest Repeat

COMPOUND RETURNS! = Capital Appreciation + Dividend Return

“Doooooooooooooooooh”

Yr1: $100 @ 10% = $110 Yr2: $110 @ 10% = $121 … (and compound again…)

$1,000 1934 compounded @ 9.8%… $1,596,956 2014

Time in the Market Over the past 80 years, an investment in Canadian stocks has grown 1,597-fold despite 13 recessions, double-digit interest rates, and several world crises Canadian stocks have returned a 9.8% compound annual return since 1934 Following each downturn (i.e., Bear Market), stocks have gone on to reach new highs

Current Market Valuation - Shiller PE ratio for the S&P 500 Price earnings ratio is based on average inflation-adjusted earnings from the previous 10 years, known as the Cyclically Adjusted PE Ratio (CAPE Ratio), Shiller PE Ratio, or PE 10. Source: http://www.multpl.com/shiller-pe/

Shiller expressed concern that the prevailing CAPE of over 25 was "a level that has been surpassed since 1881 in only three previous periods: the years clustered around 1929, 1999 and 2007. Major market drops followed those peaks"

Market Masters 28 Top Investors Investing Strategies 5 Investing Styles 600 Pages

5 Investing Styles in Market Masters Value Growth Fundamental Macro (Top-Down) Other (Dividend, Activist, Technical, Indexing, etc.)

Let’s explore some of the investing strategies covered in Market Masters.

Buys stocks that trade below their intrinsic value. Francis Chou (Value) Buys stocks that trade below their intrinsic value.

Jason Donville (Growth) Buys stocks that have a >= 20% Return on Equity.

Derek Foster (Fundamental) Buys high quality companies with competitive advantages.

Buys stocks in areas with breadth expansion (capital flows). David Burrows (Macro) Buys stocks in areas with breadth expansion (capital flows).

Ross Grant (BTSX / Dividends) Buys TSX/60 stocks with top 10 highest yields (each year).

Bill Ackman (Activist) Invests in companies and shakes up management to optimize shareholder returns.

Bill Carrigan (Technical) Buys stock that are “going up”, and follows the “smart money” through volume.

Resources Morningstar – 10 year metrics on companies (key ratio / stats tab) Google Finance – stock quotes + screener StockCharts.com – technical charts Financial Post Bloomberg Report on Business

"First class interviews of successful investors."  -- Lawrence A. Cunningham, co-author,  The Essays of Warren Buffett "A wonderful resource for anyone who wants to study...world-class investors."  -- Guy Spier, Author of The Education of a Value Investor "...provides a wealth of insights in to what it takes to succeed as an investor."  -- James P. O'Shaughnessy, Author of What Works on Wall Street "Great addition to the Canadian investing literature."  -- Ken Fisher, 31 year Forbes "Portfolio Strategy" Columnist 5-time New York Times bestselling author Founder & CEO Fisher Investments

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