The Globe and Mail, Report on BusinessPublished November 15, 2008It's always hard to pick someone to manage your money. You want people with experience and an investment philosophy you're comfortable with. You want to be sure they have the capacity, flexibility and resources to do their thing. And you want evidence that they've made money for their clients over the long term.In a paper published this week, my partner Scott Ronalds adds another criterion to ...

CAC 40 (France) - down 50.5%.FTSE 100 (UK) - down 51.9%.S&P 500 (U.S.) - down 40.3%.Hang Seng (HK) - down 54.0%.MSCI Emerging Markets - down 62.0%.S&P/TSX Composite Index - down 32.8%.These are year-to-date market returns up until last Friday (all in U.S. dollars except Canada). It is interesting that the commentary around those numbers often leads to the conclusion that investors must revise downward their future return expectations. That sounds obvious given the historic times ...

There has been a constant theme in this space over the last month or so - hang in there, long-term assets are cheap now, start thinking about the other side of the valley. A friend and fellow entrepreneur, Thane Stenner, posted an interesting piece last week. It comes at those themes from another direction and adds some numbers into the mix. Dear Private Investor,As Warren Buffett [often] states, he doesn't try to predict the very ...