“My mission in writing Market Masters: Interviews with Canada’s Top Investors is to create a strong platform (but not the platform, as that would be much too grandiose), to grow awareness of Canada’s Market Masters, and to share their timeless market wisdom with you, the reader.” – Robin Speziale, 28-year-old author of Market Masters
It’s not every day you read a 600-page book, let alone an investing book, and find it interesting but that’s exactly my conclusion with Market Masters. This is the only comprehensive book I know of on the Canadian market that features insightful conversations and direct advice from Canada’s top investors – for you.
Robin, the twenty-something author and wise investor beyond his years, was kind to send me a copy of Market Masters to giveaway to one lucky reader on my site. Here are the interviews that I enjoyed reading in Robin’s book and some of their quotes; money conversations with dozens of Canada’s preeminent investors.
Francis Chou – on discussing stocks – “You’re a businessman…you ask, ‘If I were to buy this company, how much would I pay?’”
Peter Hodson – “That ‘do nothing’ lesson was huge for me, especially when I became a fund manager. The tendency to do something because you’re getting paid is really high.” “Companies that grow their dividends are vastly superior to companies with high-dividend yields. Don’t get sucked into the 8% yield. Buy the 1% yield that’s going to 2%, 3%, 4%, 5%.”
Som Seif – “The best way to compound wealth is to avoid loss.” “We don’t trade every day. The more often you trade, the more likely you are to actually make mistakes.”
Ross Grant (Beat the TSX) – Early retiree Ross Grant has recently inherited the “Beat the TSX” model from Dr. David Stanley. (“Beat the TSX” model is the brother to the “Dogs of the Dow” model.) On answering the question why don’t other Canadians do it/follow this approach to early financial independence? “I wonder if they don’t know that it’s possible. I know it is a long-term plan and it took me over 20 years to achieve. It’s not a get-rich-quick scheme by any means, and you’ve got to have a lot of discipline.”
There are 20-plus other interviews Robin complied for Market Masters along with a collection of terms, definitions and a host of financial ratios for the keen investor. Overall I was impressed with this book and the depth of interview Q&A captured. Anyone interested in learning more about how many of Canada’s leading investors think and invest would be well-served to check out Robin’s book and read it thoroughly.
You can follow Robin on Twitter here. You can buy a copy of Robin’s book here.
Excellent book! I am 77 years old and have been investing in the market (mainly shares) for the past 30 years. I wish it would have been available 30 years ago. Now I am going to get one for my grandson who is a student analyst with the Telfer School of Management, Univ. of Ottawa He wants to get into the investment field and this would be an excellent reference book.
Great to hear from you Barry. Smart move to get this for your grandson. Also a U of O grad here 🙂
I would love to continue to read more about Canadian Investors!
My 20yo son has begun to follow in his mother’s and grandparents’ footsteps by investing in the market. This book would be a great addition and easier to get him to read when I can say its by a 20yo.
Absolutely. Thanks for reading and good luck!
Learning form others is a great way to define your own strategy. That is how I started, that is what I will continue to do.
For sure, thanks for the comment.
It sounds like an excellent book. I’ve ordered a copy and looking forward to reading it.
.Re: Peter Hodson’s comment…”Buy the 1% yield that’s going to 2%, 3%, 4%, 5%.”
Yield is defined as dividend/stock price. A growing yield is often a sign of trouble as it is brought on by a stock price which is falling faster than the dividend is rising. I’ve been a dividend growth investor for about 8 years now. In my books a growing dividend is sacrosanct. I tend to avoid high dividend yield stocks and am cautious with stocks showing rising yields. I want to know WHY the yield is rising before I consider purchasing the stock.
Good stuff Bernie.
Yes yield, high yield, can be a danger sign. I’ve been a DGI for about 6 years now and see no intention of changing my ways.
As a fairly new DIY investor, I’m always keen on learning as much as possible. So much to learn!!!!!
Good luck. Keep following the site!
Anytime I see a book recommendation on a PF blog, I check the local library inventory. They’re all on hold. Popular read.
Very thorough book Mark. You’ll find it interesting as an investor.
Sounds like a great read!
I enjoy learning from other people and it looks like there is a lot to learn here.
It was a good book. Good luck with your entry!