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Canada is a highly non-diversified market

Even though Canada has representation in all ten sectors, and she has hundreds of companies in many different industries. It is highly non-diversified because most of these companies relate to natural resources in some way or another. 

This means that if your equity portfolio is 100% in Canadian equities, you run a high risk of a downside surprise. It’s been a great ten years, but that inductive evidence doesn’t preclude a nasty shock.

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最美是集美

Tuesday January 24, 2006 - 08:34pm (EST)

When I moved to Jimei 9 months ago, I was not familiar with the place. I got used to it after half a year. According to one of my neighbors, “Some part of Jimei is nice, some part of Jimei is disgusting”. Not for only once, when I walk along some beautiful quiet streets of Jimei, I feel the beauty of it and feel like in the heaven. Even till now  I am still not familiar with it, but when the bus drives along the bridge and I look at that place, I know I do know something about this place and it is part of my memory for ever. And just before the Chinese new year, I hear the song composed by one of the Jimei people. “最美是集美,集天下之美”.