MacNicol’s Monthly Commentary – November 2021

With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snapshots of metrics, a section on behavioural investing and finally an update on MacNicol & Associates Asset Management (MAAM). We hope you enjoy this information, and it allows you to better understand what we see going on in the marketplace.

“History proves that all dictatorships, all authoritarian forms of government are transient. Only democratic systems are not transient. Whatever the shortcomings, mankind has not devised anything superior.”
Vladimir Putin – January 2000

Chain of command…

Like most people my age in the western world, if I wake up just one-half hour late on a weekday, I am totally messed up. My life is a series of interconnected tasks and objectives all unrealistically squished into a 24-hour day that could easily use an additional 10 hours. A perfect example of what I mean can be found in how timelines can impact my groceries. Instead of strolling through the isle at my local grocery store, I scroll through the store’s online website pointing-and-clicking items into a digital shopping cart that doesn’t even exist. When the actual food gets delivered to my home, I careful sanitize all items and even wash the fruits and veggies in a biodegradable soapy solution. Just one 30-minute delay in the morning can trigger a cascade of logistical problems for the balance of the day and culminate in my family having to “endure” frozen veggies at dinner time rather than fresh veggies. I know, it’s a tough life. But this preface is an illustration of just how tightly compressed life in the modern world can be and a mystery as to how some people accomplish so much in a 24-hour day that is precisely the same length whether you live in Toronto or Tokyo………

 

Click the link below to download the full commentary…

Click here: The Monthly November 2021