purchasing power – YCG Investments

December 31, 2022in Investment Letters0by Lelia Long

2022 Q4 Investment Letter (Keys to Long Term Investing)

The S&P 500 Index returned 7.56% and the S&P Global Broad Market Index returned 9.92% in the quarter ended December 31, 2022.1 As the last few years have demonstrated, the future is radically unpredictable. However, because we humans are prone to overconfidence, many continue to believe they can make specific and timely predictions about all …

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2022 Q3 Investment Letter (Bear Markets & Recoveries)

September 30, 2022in Investment Letters0by Lelia Long

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2022 Q3 Investment Letter (Bear Markets & Recoveries)

https://vimeo.com/781604302 The S&P 500 Index returned -4.88% and the S&P Global Broad Market Index returned -6.58% in the quarter ended September 30, 2022, driving the markets even further into bear market territory.1, 2 While bear markets are never pleasant, it’s important to remember that these periods of downward volatility are quite common, have historically been …

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2022 Q1 Investment Letter (Wheat on a Chess Board)

March 31, 2022in Investment Letters0by YCG Team

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2022 Q1 Investment Letter (Wheat on a Chess Board)

https://vimeo.com/manage/videos/712937159 The S&P 500 Index returned -4.60% and the S&P Global Broad Market Index returned -5.55% in the quarter ended March 31, 2022.1 While the quarterly index returns cited above suggest a fairly quiet quarter, they belie huge moves under the surface, many of which were catalyzed or reinforced by Russia’s invasion of Ukraine. A …

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2021 Q1 Investment Letter (A Pandemic Reflection)

March 31, 2021in Investment Letters0by YCG Team

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2021 Q1 Investment Letter (A Pandemic Reflection)

The S&P 500 Index returned 6.17% and the S&P Global Broad Market Index returned 5.23% in the quarter ended March 31, 2021.1 As we write this letter, it’s been a little over a year since the COVID-19 pandemic started. So much has changed since then, but hindsight and recency biases have a way of distorting …

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2018 Q4 - Investment Letter (Stocks Not Cash)

December 31, 2018in Investment Letters0by YCG Team

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2018 Q4 - Investment Letter (Stocks Not Cash)

During periods of downward market volatility, most people experience pain and discomfort as the value of their account declines. This pain is exacerbated by the many doom-and-gloom media commentators that seem to sprout up like weeds in bear markets.

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