Canadian Small Caps, Energy, Risk Management, and Assessing Management Teams | EP131
This episode, we discuss our seven-point management assessment framework (with examples), our risk management approach, and overall thoughts on energy.
Highlights:
- Why it’s difficult to find energy companies with sustainable competitive advantages—and where we see some opportunities—e.g., Parex Resources and International Petroleum Corporation
- Another way to look at geographic diversification? Revenue profiles in the portfolio (e.g., Jamieson Wellness Inc.)
- Diving into our Management Assessment Framework (MAF) and how we use it to determine if a management team is effective—E.g., Uni-Select and Element Fleet
- Visiting each floor of “The Mawer Risk Elevator”—and why the decision-making environment is the foundational level
- How rising interest rates can impact wealth creation
