The Inside Story from Scott Fraser, co-founder of the legendary Canadian investment firm, Jarislowsky Fraser.
Scott Fraser was a shrewd Montreal money manager who defied traditional wisdom to deliver stellar results for his clients year after year. One of the most unusual investors in Canada, Fraser founded a legendary investment firm with Stephen Jarislowsky and then, 20 years later, walked away without receiving a dollar for his equity. When the business was eventually sold to a big chartered bank for $950 million, Fraser was left with nothing … yet he never complained. Instead, he used his quiet, back-to-basics investment strategy to deliver a 19.5 per cent annual compounded return every year since 1990, an astonishing achievement. His secret? Fraser picked winners and then rode them patiently for years and years. He was more than just shrewd—he was revolutionary. Fraser found new ways to identify quality stocks and quantify risk. Where others saw potential peril, he saw opportunity. When others wanted to take profits, he wanted to ride the stock a little longer. Picking Winners reveals his winning method, which works in bull markets and bears.
Fraser’s Law: Increments to Adequate Working Capital Provide No Economic Benefit
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October 21, 2020