I’ve heard you say “Don’t get focused on indices”. What is your thought process?
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Thomas S. Caldwell, C.M.
Chairman & Founder, Director
Thomas S. Caldwell graduated from McGill University in 1965, and has been actively involved in the investment industry since that time.
Mr. Caldwell is Chairman of Caldwell Investment Management Ltd., an organization founded in 1990. Caldwell Investment Management Ltd. is a diversified investment company providing investment management to a broad spectrum of investors throughout Canada.
In 2014, Mr. Caldwell was inducted into the IIAC Investment Industry Hall of Fame.
Mr. Caldwell is CEO and a Director of Urbana Corporation, a publicly traded investment company and Chairman of the Canadian Securities Exchange (“CSE”), “The Exchange for Entrepreneurs”. He also serves on the Board of the Conference of Defence Associations Institute in Ottawa. Mr. Caldwell was appointed Honorary Lieutenant-Colonel of The Lincoln and Welland Regiment in January 2014.
Mr. Caldwell is a past Governor of the Toronto Stock Exchange and one of the leading experts in capital markets, particularly in trading environments. He is recognized as one of the world’s foremost investors in securities exchanges. Mr. Caldwell manages the investment pools he is responsible for on a value/strategic overview basis.
Caldwell Investment Management Ltd. and its affiliates were the second-largest owners of the New York Stock Exchange prior to the NYSE’s demutualization.
Mr. Caldwell has, through his career, been actively involved in addressing social and community needs.
He was awarded Her Majesty’s Golden Jubilee Medal in 2002 for his activities on behalf of Canadian Veterans. In 2003 he was appointed a Member of the Order of Canada for his work in assisting those in need as well as contributing to institutions working to better the lives of others. In 2012, he received Her Majesty’s Diamond Jubilee for his efforts on behalf of the disadvantaged.
Mr. Caldwell and his wife Dorothy have been married since 1966 and have two sons, Brendan and Theo, and four grandchildren.
|00:08||Indices typically encompass an array of stock within their particular universe. That means literally everything. Say the Dow Jones Industrial Index that encompasses those stocks or the S&P index these indices include stocks that are quite fully valued at the present time and the stocks that are quite fully valued are the heavily weighted ones.|
|00:30||What we used to refer to is the failing stock Facebook Amazon Netflix Google and Tesla now as well. These stocks have tremendous values and that's where the focus of markets is at the present time it's driven the prices of these up. If you get away from those peak valuation companies you see a whole array of more reasonably priced companies so the index may seem fully valued but an actual facts and fact underneath that index is a whole array of fairly attractive companies.|