The Wutherich & Co. Composite was down 1.4% in October. This compares with the S&P/TSX being down 1.6%.
Most of our companies have reported their recent quarters and results have, for the most part, been exceptional. Many of the companies that we invest in are what I would call permanent businesses. While all businesses can be knocked around by the economy and events like the pandemic, many of ours are relatively less sensitive to these influences. There is a permanence or persistency to the demand for their products or services. Investing in these types of businesses gives us the luxury of sitting back while the market experiences huge swings. We have a high degree of confidence that these companies will do just fine and continue to make us good returns in the long-term.
Lastly, JF and I would like to invite you to join us for our Wutherich & Co. Annual Update, to be held, virtually, on January 26, 2022. Yes, virtually, even though you know that JF would love to be enjoying a glass of wine, or two…or three, with you at the Mount Stephen Hotel while I stand in the corner with saint-like forbearance. Yet alas, COVID continues to interfere with JF’s entertaining plans and we will conduct the meeting via Zoom. Please let us know if you would like the link to attend the meeting
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