Happy families

Many people are often surprised to find out I never studied finance in university. Not to say I didn’t gain finance experience working with equity traders, but I instead graduated with a degree in English Lit and Anthropology. Even fewer people know that one book from an English Lit course informed my investment process far more than most finance books ever will. 

Leo Tolstoy’s Anna Karenina opens with his most hallowed observation: “All happy families are alike; each unhappy family is unhappy in its own way.” Over years spent developing the Growth and Income Portfolios, I found that high quality happy companies are alike, while flawed companies each have their own unique set of problems. The happy companies share good fundamentals, strong growth, low volatility, and a history of consistent returns. The other companies just aren’t… happy.

One of the most important things happy companies share is trading near their 52-week highs. This week’s article looks at the storytelling and truth behind why 52-week highs matter:

http://www.alphaarchitect.com/blog/2014/08/14/the-remarkable-truth-about-52-week-high-stocks/


Ben Kizemchuk is a Portfolio Manager & Investment Advisor with Altus Securities Inc. in Toronto. He offers financial planning and investment management for high net worth Canadian investors. Ben focuses on high quality investments, the Growth and Income Portfolios, low risk investing, and reducing tax.