Part 1: Marc Goldfried, CFA
Chief Investment Officer, Head of Fixed Income at Canoe Financial
Marc runs the Canoe Global Income Fund that we hold in our Core Fixed Income Model
Q1.) What do you think is the single greatest risk to our economy in the next 5 years?
A1.) Continued asset price inflation caused by extraordinarily easy monetary policy creating bubbles in asset classes and volatility
Q2.) If you could tell your 20-year-old self one thing about money and or life what would it be?
A2.) Do what you do well. Avoid what you don’t do well. You don’t need to be all things to all people. Stay humble – never get too up when you’re winning or too down when you’re losing. Maintain discipline and rigor when making decisions. Always remember that the huge pools of money you manage are the individual savings of families and that execution of fidicuiary duty is the ultimate goal.
Q3.) What do you think Canada’s economy needs from a Prime Minister in the next election?
A3.) Conservative on the economy, and liberal on the social consciousness side. I like the Canadian way of life despite the high taxes.
Q4.) Do you think we will see a recession in North America in the next two years?
Q5.) If you had to bet on cryptocurrencies becoming the currency on the future, what are the odds you would give and why?
A5.) I think crypto is more about security than fiat currency. I don’t believe they will become the reserve currencies of central banks.
Q6.) What is something you would like to change in our Canadian society?
A6.) Better use of government spending.
Q7.) What are your words of advice about money that you think are relevant to everyone?
A7.) Bulls make money, bears make money, pigs get slaughtered. Don’t get greedy. Develop a sell discipline. Always harder to sell than buy whether you are up or down.