The return you see, the risk you don’t
It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.
George Soros (quoted by Stan Druckenmiller), The New Market Wizards: Conversations with America’s Top Traders, 1994
Canopy Highlights - insights from our global research
With quarterly results now in for most of the companies we follow, we’ve compiled the latest Canopy Highlights—insights from our global research.
Think like an owner
"In the short run, the market is a voting machine, in the long run it is a weighing machine."
Benjamin Graham, The Intelligent Investor, 1949
Canopy Investors expands team with appointment of Emmily Lau
Canopy Investors is delighted to announce Emmily Lau has joined the Canopy team, effective 6 May 2025.
Dollarama announce intended acquisition of The Reject Shop
Dollarama, a top holding in the Canopy Global Small & Mid Cap Fund, has announced its intended acquisition of ASX-listed The Reject Shop (TRS).
Everyone has a plan until they get punched in the face
"Know what you own and know why you own it."
Peter Lynch, One Up On Wall Street, 1989
James Hardie announces merger with AZEK
James Hardie this morning announced a merger with AZEK, valuing the latter at US$8.75 billion.
Price is what you pay, value is what you get
“It has been demonstrated time and time again that no asset is so good that it can’t become a bad investment if bought at too high a price”.
Howard Marks, The Most Important Thing, 2011
2025 Half-year investor letter
We are delighted to share our first half-yearly update for the Canopy Global Small and Mid-Cap Fund with you.