Commentaries

QV Updates

Every Friday, QV Investors distributes a market commentary that outlines various market events that happened throughout the week along with any market issues and/or changes affecting the Candadian Small Cap Fund.

Recent Updates

Leigh Pullen
President & Chief Investment Officer
CFA, CFA Institute (1975)

Petitions for Patience

March 5th, 2010

The Prayer of Saint Francis speaks to the balance all need in their lives between satisfying appetites and maintaining sanity and good will. Balance in government, business and finance allows management to sustain a solid franchise.

Darren Dansereau
Portfolio Manager
CFA, CFA Institute (2001);
BComm, University of Alberta (1996)

Why do we talk about book value?

February 26th, 2010

The much anticipated Berkshire Hathaway annual letter penned by Warren Buffett will be released tomorrow. Book value has always been a key topic for Mr. Buffett as well as QV. Book value (BV) is defined as the assets of the firm minus ...

Ian Cooke
Portfolio Manager
CFA, CFA Institute (2004);
BComm, University of Calgary (2001)

Why the Materials Underweight?

February 19th, 2010

The index that we get benchmarked against has a 31.9% weight in Materials. The QV Small Cap Fund is underweight the sector with an 11.0% weight. Sometimes we get asked why we are taking on such a big risk by being so ...

See all Weekly Updates Archive

Monthly Updates

On non-quarter-end months, QV Investors distributes a broad market commentary that discusses major market themes along with outlining the monthly peformance of all QV Investors pooled funds.

Recent Updates

Leigh Pullen
President & Chief Investment Officer
CFA, CFA Institute (1975)

A Bull Market in Optimisim

February 5th, 2010

A year ago, pessimists were a dime a dozen. We would not sell ourselves so cheaply but we were among them. Some might accuse QV Investors of feeling good about feeling bad. We were bearish three years before the crack in equity ...

Leigh Pullen
President & Chief Investment Officer
CFA, CFA Institute (1975)

Monthly Update - November 2009

December 11th, 2009

Against a deflationary backdrop in the United States, and in the world, of faltering employment, of contracting bank loans, of failing banks, (to say nothing of the failings of ambitious Gulf States), and of slipping house prices (US), the authorities continue to ...

Leigh Pullen
President & Chief Investment Officer
CFA, CFA Institute (1975)

Monthly Update - October 2009

November 11th, 2009

On Wednesday, November 11, QV Investors celebrated thirteen years in the business of managing investment portfolios. From a start of three: Wendy Booker-Urban, Gordon Singer, and Leigh Pullen, and a few million dollars, we have grown to a staff of twelve ...

See all Monthly Updates Archive

Quarterly Reports

Every quarter-end, QV Investors compiles an update that includes a general market essay along with individual pooled fund updates. This commentary package is also included within our private clients' Portfolio Performance Reports.

Recent Updates

Taking Stock - Q4 2009

December 31st, 2009

See all Quarterly Updates Archive