Dispersion Shows How Relatively Attractive Underperforming Value Is
Kim Shannon shares her observations about a chart outlining the current dispersion between growth and value.
published October 2019
posted in Soundbites
published October 2019
Value Investing: Art vs. Science
Some say value investing is both an art and a science. It is an art because successful investing requires judgement honed from experience, an understanding of history to recognize patterns and the emotional fortitude to shield against psychological biases. Investing is also a science because cold hard analytics can be applied. However, when investors focus too narrowly on any single metric, there is a temptation to rush to judge the attractiveness of a security or portfolio.
published September 2019
Stock Market Shakeout: Big Investors now Shun the Growth-at-all-Costs Model (The Globe and Mail)
Kim Shannon offers thoughts on the market's collective mania.
published August 2019
posted in Media
The Race to Restore CI Financial’s Glory (The Globe and Mail)
Kim Shannon provides insight into why CI Financial is a value opportunity.
published July 2019
posted in Insights
What a Wicked (Investing) Game we Play
Financial markets can certainly be characterized as wicked environments. In investing, the rules of the game are always changing: competitive forces evolve, supply and demand dynamics shift, governing bodies turn over and macroeconomic variables swing.
published June 2019
posted in investment
Stephen Jenkins
Stephen joined Sionna in 2019 and is the Co-Chief Investment Officer. He is the co-lead Portfolio Manager for Sionna high conviction strategy and the lead portfolio manager for the firm’s global value strategy and focused U.S. value strategy. Stephen has more than 30 years of experience in both domestic and global equity markets. He began his career in 1990 as an analyst at Royal & Sun Alliance Insurance Company and was most recently Senior Portfolio Manager and Senior Vice President at CI Harbour Funds. Stephen currently sits on The Niagara Community Foundation's Investment Committee. Stephen is a graduate of Wilfrid Laurier University, where he earned an Honours Bachelor of Business Administration degree and is a CFA® charterholder.
published May 30, 2019
posted in Video
Warren Buffett Speaks at Inaugural Variant Perspectives Conference 2019
Kim Shannon, Laura Rittenhouse and Barbara Ann Bernard welcomed Warren Buffett at their female-led conference
published May 2019
posted in Media
Female-Led Fund Firms Account for Less Than 1% of Managed Money in Canada. Warren Buffett is Hoping to Help Change That (The Globe and Mail)
When Kim Shannon helped set up a female-led value investing conference in Omaha, Neb., it was a struggle just to get attention and secure sponsors. Then Warren Buffett showed up.
published May 2019
posted in Media
Kim Shannon on Meb Faber’s Podcast
Kim Shannon discusses why she believes the market reflects human nature as much as it does underlying fundamental value.
published April 2019
posted in Insights
Decentralization: A Tug of War
In assessing structures, Sionna has noticed that the decentralized business model stands out as an effective form of aligning incentives at the ground level while allowing an organization to grow efficiently. At its core, a decentralized business provides autonomy to several distinct units rather than centralizing all decisions at the top. However, while decentralization can be the start of a strong foundation, it doesn’t ensure success on its own.