Tweets from Maxam Capital Management. Focused on value. Event-driven. Catalysts. Special Sits. Arbitrage. (Tweets aren't advice; disclosures on our site)
Vancouver, Canada
Joined September 2010
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"I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody."
- James Carville
A bit of informative fun and seasonal cheer from ChatGPT AI
#alternatives #arbitrage #bondsarenotenough #gotarb?
‘You make most of your money in a bear market, you just don’t realize it at the time’
- Shelby Davis
"Arbitrage offers a unique, low-risk way to diversify and protect an investment portfolio..." says Mr. Dowle, who has run merger-arbitrage strategies for more than a dozen years at his firm. “Bonds have historically offered similar characteristics, but they arguably don’t today.”
Booming M&A & #SPAC bargains fuelling profitable, low-risk #arbitrage plays. “Balance sheets are stronger … trillions in #privateequity firms being deployed in M&A #deals” says @AmarPandya @Penderfund tgam.ca/3wPO1w7 @TravisDowle @MaxamCap @JulianKlymochko @AccelerateFT
The pessimist looks down and hits his head. The optimist looks up and loses his footing. The realist looks forward and adjusts his path accordingly.”
- Robert Kirkman
#QOTW #stayfrosty
“Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk. Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field.”
-Peter L. Bernstein
#QOTW #stayfrosty
While the current market and its challenges are different, I'm starting to be reminded of what it felt like managing risk, hunting for opps and investing during/coming out of 2008-09.
Who wouldn't want a time machine to go back and invest in that market?
#BackToTheFuture #wwyd
Maxam Capital retweeted
We don’t want to diminish today’s challenges, but we’re mindful that throughout history successful investors have prospered through opportunistic buying during panics, not selling. When this crisis is broadly recognized as having ended, security prices will already be higher.
QOTW:
"The choice isn’t really between value and growth, but between value today and value tomorrow."
- Howard Marks
QOTW:
“There is always something to do. You just need to look harder, be creative and a little flexible.”
– Irving Kahn (1905-2015)
(...one of my all time faves)
QOTW:
"Things that perform poorly will eventually become so cheap – due to depreciation and lack of investor interest – that they’ll be primed to outperform. Cycles like these hold the key to success, not trees that everyone is assuming will grow to the sky. "
- Howard Marks
QOTW:
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”
– Peter Lynch
What will the next three years bring? I think its a good bet that the best performers will not be S&P/TSX constituents.
#hiddengems
#wheretheopportunitiesare
New list highlights 30 best performing stocks in Canada over the past three years. Half aren’t on the S&P/TSX index business.financialpost.com/i…
Some interesting stuff and good advice here. Preferred shares, recession(?), value vs growth.
The wisdom of crowds: What the investing public is thinking heading into the last quarter of 2019 business.financialpost.com/i…
Ugly day for U.S. and global markets. China swings back at U.S. in ongoing trade wars. We're going to see some great opps (long & short) as investors panic and stock prices and values diverge - exacerbated by complacency and low summer volumes.
#stayfrosty