Leaderboard

That’s definitely true for a lot of people and especially money managers. Holding an abnormal amount of cash is a way to be edgy and make a statement to everyone about how smart you are. Because it’s not just like “oh you’re 35% cash, nice!”…its said because they know it’ll often trigger a response about “why?”…. and that’s when they get running on their super duper look how smart I am ramblings. It’s ultra simple, cash is what you do if you have no ideas. I have never had an issue finding ideas and many times find both bullish and bearish ideas and hold both. Cash is basically….I don’t wanna look. Similarly a friend I know who manages mid 9 figures was boasting about how he(of course mentioning “just like Warren Buffett”) “looks through maybe hundreds of ideas and turns them down for every ONE he finds”….and we have the type of bro relationship where I could just straight face look at him and be like …dude you’ve been holding cash for 7 years and returns are publicly available and…don’t even hold a candle to an index fund lol.

It trades a bit more when including all the ATS besides just the TSX but your point is well taken. The link below lets one look at the last three months. https://www.stockwatch.com/Quote/Detail?C:FFH&snapshot=SX

I think all of the things mentioned are factors. But for anyone to say NATO using Ukraine as a launch site against Russia is not a factor is simply ignorant. US wouldn’t stand for missiles in Cuba or Canada pointed at us. “Just keeping the peace though”. Putin has been saying for over a decade this was a concern. I think there is credibility to Ukraine being a geographical point of defense. Zeihan has pointed this out as well. Does Putin want the USSR back? Probably so. I mean he grew up there and saw a country that in his eyes was great and United and strong end up in ruins. He’s wrong, but his sentiment or nostalgia is understandable. A lot of people seem to miss the fact that Putin also understands the degrading demographics of Russia. So this being a last ditch effort to maintain the Motherland is understandable through his actions (although not justifiable). People will probably say that I’m crazy for saying that as well, but it’s well documented. And in my opinion if people can’t understand that point of view the. 1.) You haven’t walked in another’s shoes 2.) They don’t understand humans, political sociology, or nation states and likely think geopolitics is nothing more than a black and white game of risk. Putin is not a rational actor. He sees this as a last ditch effort and that he is backed into a corner. This is primarily why I think deescalation at all costs should be forefront on the Wests minds. Not matching escalation with weapons that are basically used for war crimes. This is the closest we’ve been to a nuke clacking off in a long time and too many people see this situation as simple and in black and white terms whit it is far far from that. As Bertrand Russell said….You can only expect a man to walk a tightrope so long before he falls….. sometime some day someone will clack one off and everyone if they survive will lol back at how foolish they were in their thinking. It’s short sighted by the west. We came close enough with Cuba…

full disclosure guys thats me dino was replying to cheers

John, I know you were probably kidding, but I was in the neighborhood and stopped by. They wouldn't let me inside here or at the stock exchange and seemed quite surprised that I wanted to see inside. Needless to say the better half didn't find it as amusing as I did when I was questioned by security. "No, I don't have an appointment with anyone in particular...but I work in finance and I'm on vacation so it all makes perfect sense you see..."