Cardinal Update – Nov 2019
Artificial Intelligence – Predictions are the process of filling in missing information. It uses information you have (data) to generate information you don’t have. For example, A.I. is being used in radiology. It is trained with millions of old images and diagnostics. It is then given a new patient scan and gives a prediction as to whether cancer is present or not. Tests are conducted to confirm the prediction and this data is fed back into the A.I. to improve the prediction ability. This is superior to human ability due to the sheer amount of data an A.I. has accessed.
In terms of our portfolio’s exposure to A.I., under the framework of “cheap predictions” the answer is literally every company in the future will have exposure to A.I. in some way or form.
Click here to read more: Cardinal Update – November 2019
Tips for a guilt-free Holiday Season
Even for those of us who love the holiday season, this time of year can be very stressful. In addition to all our regular commitments, we somehow manage to squeeze in enough time for holiday shopping, extra cooking and baking, get-togethers and parties, and maybe even a school concert or two.
The stores started stocking holiday décor in October, and suddenly the pressure is on – to have the “perfect” holiday, but do we really need perfection and all the stuff that goes with it? Read more 
Cardinal Quarterly – Oct 2019
Market Outlook – Stock markets across the globe have continued to climb a wall of worry, with most major indices near record highs despite consistent fears that a downturn is imminent. We still believe that investors will be rewarded far more for optimism than pessimism. Given headline grabbing risks such as the China trade war, a number of military hotspots like Iran where tensions are escalating, and now the threat of Presidential impeachment, being optimistic is not easy.
Click here to read more: Cardinal Quarterly – October 2019
