VP & Portfolio Manager @ Louisbourg Investments. Probably tweeting from a rink.🇨🇦
Moncton, NB, Canada
Joined April 2009
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Scott Lewis retweeted
As US Ambassador to NATO on 9/11, the first to call me to suggest we invoke Article 5 was Canadian Ambassador David Wright. Our allies came to our rescue that terrible day. I’ll call David this morning 25 years later to thank him and our great neighbor Canada once again!
Well said.
"I think they all want to bring back the 80s... I don't see why that's beneficial, I don't know how many Americans want to work in a textile factory..."
Our pod with Josh Brown (@Downtown) of @TheCompoundNews is out now talking tariffs, Trump and common sense investors need to hear!
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Scott Lewis retweeted
Canada is America’s top customer, supporting a U.S. trade surplus in manufactured goods, while also providing affordable and reliable energy that fuels the U.S. economy. Thanks for the discussion, @ChrisCuomo.
Scott Lewis retweeted
The stock market remains the last institution that holds politicians accountable for their actions
Bravo
Every year, LCBO sells nearly $1 billion worth of American wine, beer, spirits and seltzers. Not anymore.
Starting Tuesday, we’re removing American products from LCBO shelves. As the only wholesaler of alcohol in the province, LCBO will also remove American products from its catalogue so other Ontario-based restaurants and retailers can’t order or restock U.S. products.
There’s never been a better time to choose an amazing Ontario-made or Canadian-made product. As always, please drink responsibly.
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Agreed. Now... thoughts on meme coins sold and rug pulled by elected officials?
It’s quite amazing that everyone is now saying the quiet part out loud.
The distortions when you have insider information are extreme and Congress should not be allowed to insider trade. They should live by the same rules as the voting public.
For example, prior to October 2000, the general public could effectively insider trade if they knew someone with inside information. Then the USG implemented Reg FD that said companies cannot share information with only a few - they must fairly and broadly disclose information to everyone. This principle still doesn’t apply to Congress.
What was the impact of Reg FD? Or said differently, how valuable is a world without RegFD where you can get all manner of information and trade on it?
Pre Reg FD (October 2000), Warren Buffets returns averaged 24%.
Post Reg FD (October 2000), Warren Buffets returns averaged HALF of that or 10-12%.
So disclosure is worth 10-12% per year - an enormous advantage to those that can act on any information that crosses their desk.
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Scott Lewis retweeted
Canadian's reaction to Trump's talk of annexing Canada:
(↓)(↓)(↓)(↓)(↓)(↓)(↓)(↓)(↓)(↓)(↓)(↓)(↓)
‘On the frontline’: Quebec planes and B.C. firm’s helicopters battle L.A. wildfires
thestar.com/news/canada/on-t…
Scott Lewis retweeted
If you’ve called Trudeau a traitor and then you turn around praising the idea of Canada becoming a “51st state” then I hate to break it to you…
Scott Lewis retweeted
Here’s the reality: Greenland is a self-governing territory of Denmark, a US treaty ally. Greenland’s and Denmark’s elected leaders have made clear they have no interest in being sold to the U.S.
Upending that reality via a pressure campaign - again, against a U.S. treaty ally - would require returning to 19th century rules of territorial acquisition, which is possible given Trump’s simultaneous targeting of the Panama Canal and Canada (!?).
What would that then signal to Russia re Ukraine, China re Taiwan and the South and East China Seas, Turkey re northern Syria, Serbia re Kosovo, to name a few?
One intended legacy of the post-WW2 order - which, remember, was designed to prevent another bloody world war after two in a generation - was the sanctity of borders. Does the deterioration of that lead to a more or less peaceful world? History has some lessons.
Scott Lewis retweeted
Trump really believes all trade is zero-sum. If I buy something from you, I am not "subsidizing" you. I am giving you money in exchange for something I think is of equal or greater value. But Trump thinks I'm somehow giving you a gift. It's like he doesn't understand capitalism.
Scott Lewis retweeted
Canada added 1.2 million people last year but less than 95k jobs. Even if you use the more generous Labour force survey we added only 327k jobs. Vibecession confirmed!
