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Thomas S. Caldwell, C.M.

You believe that we are over “news’d”, but that is actually good for investors. How so?

Posted: February 5, 2020
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A transcript of this episode is available below, modified for a more enjoyable reading experience. For more posts exploring the ideas we talk about in the episode, check out our Related Reads links.

Your Host
Thomas Caldwell
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 Well let me give you some background. The great news anchor of many years ago was Walter Cronkite. When he heard the news channels were going to 24 hour news he said they're going to have to create a lot of news. So we're getting a tremendous amount of news coverage on literally everything. Things get covered. They get overcovered the media by the way do like crises.
00:29 So whether it be this corona virus and Listen everyone's guess is as bad as everyone else's. My guess would be that probably in a couple of weeks it'll descend into the third page of the papers impeachment going on with the present Brexit. Everything is exploded even weather extreme weather is is exploded. What this does I keep joking that the job of the media is to create bargains for us the more negative news that comes out the pressure it puts on market that creates an opportunity to look at and say Is this real news.
01:02 Is it really impactful is it long term or is it just creating short term crisis mentalities which provide an opportunity for investors.