Optimistic about trade talks? No. Tomorrow's the deadline, and doesn't imagine major ground will be broken. Some feel Trump needs a symbolic win. This is much ado about nothing. Investors can put too much emphasis on political drama, and not enough on economic fundamentals. These are pretty good in the US, but there is general macro economic uncertainty.

Canadian jobs data. Don't lose any sleep over the numbers. Jobs do matter more than anything else in economic data, but they're unpredictable to predict. It's give and take from month to month. Canadian data is not as market moving as US data, but it's like throwing darts trying to forecast.

Surprised about the continued fallout in the pot space? Not at all. His firm has said for 2 years that holding weed stocks is a mania. The sky is falling, and it has further to fall.

Wouldn't buy or hold it. Would be a seller. Steel prices are in freefall with no relief in sight. Stock is not cheap, despite the downward slope of the chart. Macro environment not good, global growth slowing.

Doesn't own it in their core portfolio, but does own it in the income-seeking one. Juicy yield. Risk of dividend cut is moderate, but not immiment. Payout ratio is manageable. Has never cut a dividend. Stock is cheap. Yield is 14.2%.

Warming up to it. Concentrated heavily in Quebec. Mostly industrial, retail, office. Was overexposed to fashion in the malls. Can't change this quickly. New management team is good. Building condos on top of assets, to some success. Reframe how you look at it, from will it get back to a certain level, to will it go higher from here. Payout ratio not too onerous. Dividend is safe. Can hold it comfortably.

Afflicted by the same thing afflicting all the other nat gas producers. They're at the end of the pipe. Selling at a deep discount. Not making money, but continuing to spend. Dividend is at risk. Producers are going to be in the penalty box until the LNG plant gets built off the west coast. Could fall further.

Arizona mine hung up in admin for at least another year. Copper prices rolled over. Don't want to own a marginal commodity producer admidst slowing global growth.

Great company. Beta is between 0.8-1, so more defensive than broad market. In a choppy market, things with high yields and low beta tend to do better, though not immune to a downturn altogether. Could do worse, but could do better. Not your best horse in terms of asset management. Dividend yield is about 6%.

(A Top Pick Oct 24/18, Up 33%) Good dividend yield, defensive business, mid-single digit level of growth. When the market gives you a gift, sometimes you need to lock it in. Valuation is now stretched, because though stock price has appreciated, earnings have not kept pace.

(A Top Pick Oct 24/18, Up 22%) There's a lot more gas in the tank. Preferred horse in the life insurance sector. 13% ROE. Trades at 7.5x earnings. Should have a "3" handle on it. Yield is 4.2%.

(A Top Pick Oct 24/18, Up 5%) Has been flattish. Frustrated with it. Used to be a compelling retail story. Earnings stalled, and share price stuck in a trading range. Didn't like their acquisition of an airline.

Has zigged when other banks have zagged. Under the gun recently, because American affiliate is involved in a fee-cutting price war. "Any day that ends in 'y'" is a good day to buy Canadian banks. 8% correction off all-time high is no cause for concern. He's buying with fresh money.

Best railroad in North America. All rails are under pressure because freight volumes are declining. Trade wars are hurting the trade flows. Recent valuation got stretched. 28-29% ROE. If it gets around $110, you can jump in with both hands. Great company, respects management, oligopoly.

He owns it in an income-seeking fund. Income generator, plus great total return performer. 20% compound annual rate of return since inception. Like a mini-BAM or mini-Onex. Very acquisitive. Good earnings grower and dividend grower. Regional airlines and light manufacturing. Very good management. Yield is 6%.