Monthly Archives: July 2025

Grantham: don’t be conned by those selling shovels in the gold rush

Posted on July 21, 2025 by Danielle Park

The Next Twelve Months Price-to-Earnings ratio (NTM P/E, shown below courtesy of ISABELNET) is one of the historically relevant forward-looking valuation metrics that compares a company’s current share price to its projected earnings over the next 12 months. Today’s sky-high … Continue reading →

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Staying focused through noise

Posted on July 17, 2025 by Danielle Park

In a series of heart-stopping swings, since mid-December, the tech-heavy S&P 500 and Nasdaq are currently up 2.9% and 2.7%, respectively, while the US dollar (as measured by the DXY) has fallen 10% against major trading partners. The more economically … Continue reading →

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Downcycles bring opportunity for those who can resist consensus views

Posted on July 16, 2025 by Danielle Park

Toronto home sales rose 8.1% in June, but were still 35% below the decade’s average; the average home sale price dropped 5.2% year-over-year to $1,151,600. Condo sales in Toronto have declined by 75% over the past three years (-37% in … Continue reading →

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