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Value Investing

Four of Canada’s brightest investors go head to head
in a battle for portfolio supremacy

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Meet Value Investor Norman Rothery

Latest Columns

How to find long-term dogs ready for a rebound

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here. For more Strategy Lab columns, visit tgam.ca/strategy-lab

Looking for gold in the stock market is often easier said than done.

But sometimes stocks fall down a deep hole and enterprising investors can scoop them up near the bottom.

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Why joining the Dow is a bearish signal for Apple

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here. For more Strategy Lab columns, visit tgam.ca/strategy-lab

Dashing for the last train of the night after dawdling too long is risky. Do it too often and chances are one day you’ll arrive at the platform just as the train pulls away from the station.

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Learn from Buffett, but that doesn’t mean investing in Berkshire

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here. For more Strategy Lab columns, visit tgam.ca/strategy-lab

Value investors are thinking about lives well lived this week. They’re looking forward to reading what Warren Buffett and Charlie Munger have to say about Berkshire Hathaway’s next 50 years. At the same time, they’re celebrating the life of Irving Kahn who gave Methuselah a run for his money.

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Rummaging through the stock bargain bin

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Value investors like to buy discounted stocks and they spend their days rooting through the market’s half-off bin. But they have to be wary because, much like dollar-store specials, the bargains can be illusory.

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On Wall Street, investing in the biggest can be the best strategy

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

The hullabaloo over economic inequality has plagued the Wodehousian class for some time. But, in an even bigger blow to the upper crust, it turns out that many Canadians are actually budding Berties.

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Playing big-bank fantasy portfolio highlights stock-picking difficulties

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Last year, I challenged readers to pick the best, and the worst, big Canadian bank to buy in 2014. With only six of them to choose from, it seemed like a simple task. But no one got it quite right.

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A wise resolution? Check out low-fee balanced funds

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

The start of a new year inspires many of us to make resolutions. If you’re like me, you might want to lose a little weight – or perhaps a lot of it. Others might dream of running a marathon or finding a better job. All are laudable goals.

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Low oil prices could chill prospects for this Canadian bank

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

As winter descends on Canada, the good people of Alberta face bitter prospects. Matters are so frosty that provincial politicians are climbing into bed with one another in an effort to warm up before the party stops.

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Author aims to nudge cautious millennials toward investing

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Getting a good education opens up many doors. But even after years of schooling, too many people know little about the financial markets and investing, which is a real shame.

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High-flying Fairfax is poised for more positive momentum

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

The holiday season is fast approaching and with it comes the traditional roast beef dinner. I’m already salivating at the thought of chowing down on a slab of beef smothered with eye-wateringly hot horseradish.

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Cloning Warren Buffett’s picks pays off for portfolio manager

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Adventuresome souls who like to eat at new restaurants will eventually run into a dud. I still have bad memories of a trip to a pricey place in Toronto, which served such tiny morsels of French cuisine that I was not satiated after a multicourse meal. Thankfully, a nearby Italian pizzeria provided real food at a fraction of the cost.

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Where to find bargains in the dark corners of the stock market

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Warren Buffett bought a basket of cheap South Korean stocks about a decade ago. In doing so, he put the country on the map for North American value investors and a few of them have followed his lead.

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The revenge of the market's castoffs: Cigar-butt stocks get last laugh

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Carl Icahn is trying to squeeze a little more juice out of Apple. Late this week, he released what amounted to a love letter extolling the virtues of the company and urging it to repurchase more of its stock.

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Deep-value stocks are scarce, but they can still be found

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Deep-value investing is a powerful way to beat the market, but deep-value stocks are an endangered species in the U.S., according to money manager Patrick O’Shaughnessy. The situation north of the border is similar. But, thankfully, there are still some bargains to be found.

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There’s no shame in migrating to low-cost index funds

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

I enjoyed chatting with a group of investors from the Financial Wisdom Forum recently. Over drinks, we quickly got to telling tall-tales about life’s more colourful moments. But I’ll spare you the details of a dog’s unfortunate encounter with a septic tank.

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‘Net-net’ stocks: A timeless value strategy – but pickings are slim

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

The summer was cool and rainy in cottage country this year. The weather had me huddling by the fire at a cottage on Georgian Bay near Lion’s Head, Ont. But the conditions were perfect for sipping hot chocolate and reading.

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Timing the market is tempting – but it doesn’t end well

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Temptations abound on the road to Long Point Provincial Park, which sits on the northern shore of Lake Erie. On the way to its beaches, I drive perilously close to the small town of Vittoria, whose inhabitants make devilishly tasty butter tarts.

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Value investors, build a portfolio of three dirt-cheap ETFs

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Index investors are partying like it’s 1999. The bull market is giving them reason to cheer, and fund companies are slashing their fees. It’s now easy to build a portfolio stuffed full of dirt-cheap exchange traded funds (ETFs).

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Ten stock picks for a value investor’s portfolio

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Bull markets test the mettle of cautious investors who find themselves left behind as stocks race higher. The temptation to buy high in an effort to join the fun can be overwhelming.

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Better than index funds: Buy a conglomerate’s stock

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Staking out a bold position in the stock market is anathema to most Canadian fund managers. While a few mavericks are willing to load up on stocks they really believe in, the majority are too timid to deviate significantly from the market.

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How too much information can sink your portfolio

NORMAN ROTHERY

Back in my graduate school days, one of my physics teachers had the habit of impishly giving his students a little too much information for their own good on tests.

The set up was simple. He asked a classic mechanics question of the sort that gives many students the heebie-jeebies. It involved two trains hurtling toward each other at different speeds with the goal being to figure out when, and where, the collision would occur.

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The 4 per cent rule doesn't always work in retirement

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Following the 4-per-cent rule is sure to lead to a happy retirement. That’s how much an investor can extract from a balanced portfolio when they retire without having to worry about running out of cash before running out of time. At least, that’s the theory.

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Stocks are expensive. Time to buy debt? Maybe not

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

It’s relatively easy to figure out when the stock market is expensive. Profiting from that knowledge can be much harder.

One of my favourite market measures is economics professor Robert Shiller’s cyclically adjusted price-to-earnings ratio (CAPE). The ratio is based on the current price of the S&P 500 Index divided by its average earnings over the past 10 years, adjusted for inflation.

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Like value? Then you’ll love momentum investing

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

Humans are quirky things. If you sit one down in front of a black box that spits out random numbers, they’ll likely see a pattern in them that doesn’t really exist.

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Tulips and stocks: Don’t succumb to their charms

NORMAN ROTHERY

Norman Rothery is the value investor for Globe Investor’s Strategy Lab. Follow his contributions here and view his model portfolio here.

The tulips are in bloom in Toronto and the entire front yard of a house on my street is devoted to them. The flowers were originally planted by the owner’s parents who passed away some time ago. But their memory lingers in the glorious blanket of red and yellow that appears each spring.

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Welcome to Strategy Lab


Stock market ideas, investing insights (and competition): Watch and participate as four of Canada’s brightest investors go head to head in a battle for portfolio supremacy. Whether you’re a dividend collector, a value hunter, a growth junkie or an indexing enthusiast, you’ll find inspiration for your own investing.

About Norman Rothery

Norman Rothery

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Norman Rothery, Ph.D., CFA, is the founder of StingyInvestor.com and has been catering to value investors since 1995. He publishes the Rothery Report, a value stock newsletter, that recently celebrated its 11th anniversary.

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