Live From the Desk

#abouttime

#abouttime @vertex_one 140 characters…who thought that would last? Well it definitely has. So, we have started an official Vertex One twitter account! We’ve been using Twitter on the investment desk for years as a highly effective way of remaining informed and connected. For years, traditional sources of media (radio, print, t.v.) have been waning, gradually …

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The Pricing of Risk

The Pricing of Risk The most important thing we do everyday at Vertex One The importance of pricing risk is under-appreciated and often misunderstood. In all endeavors that involve some level of risk, there is an evaluation performed, whether it is a conscious or unconscious decision. The person pictured on the tightrope has evaluated his …

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Climbing the Debt Wall

We have written before about the US Central Bank and their zero interest rate policy (ZIRP). Admittedly, some of us favoured Richard Fisher’s (President of the Federal Reserve Bank of Dallas) philosophy that they should raise interest rates immediately so that companies will be more likely to initiate capital projects before interest rates rose too …

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Back to the Future

BACK IN 2007 . . . The following is an excerpt from the Q4 2007 Vertex Managed Value Portfolio commentary: “Our investment style has never been to pick trading points. Our process involves finding value, then looking out five years to assess how our companies will perform over that interval. Over short periods there are …

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Opportunity Knocks – Part 2

Part 2: What’s in a name? – Value is Growth We have received quite a few inquires about our Vertex Value Fund and how it has managed the out-performance it has over the last year (see below chart). Vertex Value Fund Class B: 1-year comparison to S&P/TSX Total Return Index There are many contributing factors …

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