Testimonials
“Jonathan is an insightful and talented investor, with whom I had the good fortune and pleasure of working early in our careers. I continue to appreciate his unique insights and opinions. His depth and breath of knowledge and his keen interest in not only markets, but a broad range of topics including world affairs, philosophy and the human condition never ceases to impress me. A refreshing voice in the world of investing…”
“I have known Jonathan for more than 27 years and in that time I have seen the extensive knowledge he has demonstrated with regards to financial markets. Not only does he have excellent insight and analysis of markets, he is able to see the wider geo-political environment in which financial markets have to function. He is therefore able to comment on, and analyse, the broader repercussions as global politics and economics change. His analysis, views and comments are essential reading for anyone wishing to understand the complex financial world we now inhabit.”
“Jonathan is an astute observer and student of financial markets. He has an ability to see opportunities ahead of the crowd and to take positions contrary to accepted wisdom. Well worth listening to his logic and opinions.”
“Jonathan has a very deep understanding of the market. I have always valued his opinions on stock picking and the market in general. He has an extremely well thought-out view of the world.”
“Jonathan is an excellent Portfolio Manager. He has one of the smartest investment minds in the business.”
“My congratulations to Jonathan Baird on the launch of his Global Investment Letter…
We live in an interconnected world that challenges all investors whether they are institutions, endowments, family offices or individual investors. A myriad of confounding global factors make up the puzzle that includes geopolitics, climate change and technology, along with market factors such as coordinated central bank policies, interest rates, competitive devaluations, inflation, deflation, renewed volatility and all the influences that drive currencies, stock and bond markets, commodities, and derivatives.
I worked with Jonathan in the early 1990’s at Dynamic Fund Management where he very successfully managed the Dynamic Canadian Growth Fund and the Dynamic Fund of Canada. He is renowned for his good investment work.
Now, we are fortunate that he is sharing his global intelligence and investment acumen in his Global Investment Letter. Jonathan’s monthly insights provide an excellent way for investors to get a fix on global market trends and, in my opinion, his Global investment Letter is a MUST READ.”
“Jonathan has always maintained a keen interest in the markets both on a current basis as well as from an historical perspective. He has been involved with markets for over 3 decades and has seen a broad range of market environments, including several market crashes. This long history makes him knowledgeable, well tested and better prepared for whatever market have in store for the future.”
THE BEST MEASURE OF INVESTOR SENTIMENT?
Trigger goes hereExtremes of investor sentiment, whether bullish or bearish, have proven to be a valuable tool for identifying periods with a high probability of major trend changes.Indeed, one of the most reliably [...]
THE VELOCITY OF MONEY IS AT ITS LOWEST LEVEL SINCE THE GREAT DEPRESSION DESPITE PERSISTENT INFLATIONARY PRESSURES
By Jonathan Baird - January 15, 2022 The velocity of money (the frequency at which money changes hands) sits near all-time lows and is again slowing, following a short-lived stimulus-induced boost in 2020.The velocity [...]
NON-S&P 500 STOCKS REACH LOWEST RELATIVE VALUATION IN DECADES
By Jonathan Baird - January 7, 2022 Perhaps the defining characteristic of the bull market of recent years has been its exceedingly narrow breadth, rivalled only by the markets of the 1920s, the “Nifty [...]
INSIDER SELLING IS PRODUCING THE GREATEST TRANSFER OF INVESTMENT RISK IN HISTORY
A long-time investment maxim is that it pays to watch the stock transactions of company insiders, for they are in the best position to know the future earnings prospects of their company’s. Indeed, [...]
THE MOST SIGNIFICANT CHART OF 2022: CAPITAL FLOWS INTO EQUITIES WERE GREATER IN 2021 THAN THE COMBINED INFLOWS OF THE PREVIOUS 19 YEARS
By Jonathan Baird - December 7, 2021 We have long found that the analysis of capital flows, investor sentiment and market extremes are among the most useful factors to consider in producing superior investment [...]
THE INTANGIBLE STOCK MARKET?
By Jonathan Baird - November 16, 2021 The ratio of tangible to intangible (e.g., goodwill) has changed substantially over the years. In 1975 fully 83% of the S&P 500’s total assets were classed as [...]
THE BEST MEASURE OF INVESTOR SENTIMENT?
Trigger goes hereExtremes of investor sentiment, whether bullish or bearish, have proven to be a valuable tool for identifying periods with a high probability of major trend changes.Indeed, one of the most reliably [...]
THE VELOCITY OF MONEY IS AT ITS LOWEST LEVEL SINCE THE GREAT DEPRESSION DESPITE PERSISTENT INFLATIONARY PRESSURES
By Jonathan Baird - January 15, 2022 The velocity of money (the frequency at which money changes hands) sits near all-time lows and is again slowing, following a short-lived stimulus-induced boost in 2020.The velocity [...]
NON-S&P 500 STOCKS REACH LOWEST RELATIVE VALUATION IN DECADES
By Jonathan Baird - January 7, 2022 Perhaps the defining characteristic of the bull market of recent years has been its exceedingly narrow breadth, rivalled only by the markets of the 1920s, the “Nifty [...]
INSIDER SELLING IS PRODUCING THE GREATEST TRANSFER OF INVESTMENT RISK IN HISTORY
A long-time investment maxim is that it pays to watch the stock transactions of company insiders, for they are in the best position to know the future earnings prospects of their company’s. Indeed, [...]
THE BEST MEASURE OF INVESTOR SENTIMENT?
Trigger goes hereExtremes of investor sentiment, whether bullish [...]
THE VELOCITY OF MONEY IS AT ITS LOWEST LEVEL SINCE THE GREAT DEPRESSION DESPITE PERSISTENT INFLATIONARY PRESSURES
By Jonathan Baird - January 15, 2022 The velocity [...]
NON-S&P 500 STOCKS REACH LOWEST RELATIVE VALUATION IN DECADES
By Jonathan Baird - January 7, 2022 Perhaps the [...]
INSIDER SELLING IS PRODUCING THE GREATEST TRANSFER OF INVESTMENT RISK IN HISTORY
A long-time investment maxim is that it pays [...]
THE MOST SIGNIFICANT CHART OF 2022: CAPITAL FLOWS INTO EQUITIES WERE GREATER IN 2021 THAN THE COMBINED INFLOWS OF THE PREVIOUS 19 YEARS
By Jonathan Baird - December 7, 2021 We have [...]
THE INTANGIBLE STOCK MARKET?
By Jonathan Baird - November 16, 2021 The ratio [...]
January 2022
THE BEST MEASURE OF INVESTOR SENTIMENT?
Trigger goes hereExtremes of investor sentiment, whether bullish [...]
THE VELOCITY OF MONEY IS AT ITS LOWEST LEVEL SINCE THE GREAT DEPRESSION DESPITE PERSISTENT INFLATIONARY PRESSURES
By Jonathan Baird - January 15, 2022 The velocity [...]
NON-S&P 500 STOCKS REACH LOWEST RELATIVE VALUATION IN DECADES
By Jonathan Baird - January 7, 2022 Perhaps the [...]
December 2021
INSIDER SELLING IS PRODUCING THE GREATEST TRANSFER OF INVESTMENT RISK IN HISTORY
A long-time investment maxim is that it pays [...]
THE MOST SIGNIFICANT CHART OF 2022: CAPITAL FLOWS INTO EQUITIES WERE GREATER IN 2021 THAN THE COMBINED INFLOWS OF THE PREVIOUS 19 YEARS
By Jonathan Baird - December 7, 2021 We have [...]
November 2021
THE INTANGIBLE STOCK MARKET?
By Jonathan Baird - November 16, 2021 The ratio [...]















