Richard Fogler, managing director, Kingwest & Company
FOCUS: Canadian stocks
Top Picks: Apollo Global Management, GFL Environmental, CI Financial
MARKET OUTLOOK:
The only function of macroeconomic forecasting is to make astrology look respectable. Our Ouiji board is no better than that of anyone else’s. Why would we base your financial future on what forecasters virtually always get wrong?
What we do know is that the North American economy grows at two to three per cent per year before inflation on average. This is a long-term strategy because as John Maynard Keynes said, “the market can remain irrational longer than you can remain solvent.”
At Kingwest, we deliver for investors by investing in companies that are not living up to their potential and where management has a plan to make it better.
- Sign up for the Market Call Top Picks newsletter at bnnbloomberg.ca/subscribe
- Listen to the Market Call podcast on iHeart, or wherever you get your podcasts
TOP PICKS:
Apollo Global Management (APO NYSE)
GFL Environmental (GFL TSX)
CI Financial (CIX TSX)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| APO NYSE | Y | Y | N |
| GFL TSX | Y | Y | N |
| CIX TSX | Y | Y | N |