Jarislowsky Fraser

Asset allocation, risk, diversification and rebalancing. Pros/cons of hiring a financial advisor. Seeking advice on your portfolio?
randomwalker
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Post by randomwalker » 11 Jun 2009 20:34

BNN interviews Stephen Jarislowsky, chairman and founder, Jarislowsky Fraser, June 11, 2009

http://watch.bnn.ca/squeezeplay/june-20 ... clip182168

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Post by randomwalker » 14 Sep 2009 18:29

What Last year’s Collapse Meant
BNN talks to Stephen Jarislowsky, chairman, CEO, and director, Jarislowsky Fraser Ltd. Investment Counsel

http://watch.bnn.ca/#clip213223

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Post by bindexit » 15 Sep 2009 00:27

He does not mince his words....
"..No confidence in governments ...leadership is weak." and then with his straight face "In the words of Einstein...Genius is finite but stupidity is infinite." Cracked me up.

BTW, I do not see many recent buys of his so called "recession stocks" in the FWR stock picking section.

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Re: Jarislowsky Fraser

Post by Taggart » 11 Feb 2010 13:59

Globeinvestor

Noreen Rasbach

Published on Thursday, Feb. 11, 2010

Don't be driven by greed, Jarislowsky says

Tips from the billionaire investor on how to pick stocks and preserve capital

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Re: Jarislowsky Fraser

Post by JaydoubleU » 12 Feb 2010 02:00

I suppose Jarislowsky became a billionaire by not being too greedy :roll:

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patriot1
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Re: Jarislowsky Fraser

Post by patriot1 » 14 Feb 2010 19:10

Greed means expecting something for nothing. People who expect something for nothing are more likely to lose than gain in the long run.

Buying an asset that you think is undervalued, and turning out to be right, is not getting something for nothing. It's people who make such decisions that make the capital markets work. But buying an asset without regard to value, just because you think someone will pay more, is expecting something for nothing.

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Re: Jarislowsky Fraser

Post by blonde » 15 Feb 2010 14:27

patriot1 wrote:Greed means expecting something for nothing. People who expect something for nothing are more likely to lose than gain in the long run.

Buying an asset that you think is undervalued, and turning out to be right, is not getting something for nothing. It's people who make such decisions that make the capital markets work. But buying an asset without regard to value, just because you think someone will pay more, is expecting something for nothing.
Now, THAT is WISDOM.

Do not be surprised to learn that most 90%ers and ALL wannabees do not have the mental HP to figure-IT-out. 'ems are most snug as a bug when 'someone' tells-'ems what-to-do and what-not-to-do. In addition, 'ems will not-get-IT even when a picture is drawn and explained for 'ems. OTOH, taking these same 90%ers and ALL wannabees to the cleaners, BIG TIME, once in a while is a darn good thing.

Real-10%ers have the knowledge and skill to know when to hold and when to fold.

It is ALL about MONEY.

THAT is 'how' the worm turns nowadays.

Be Inspired.
Sometimes the questions are complicated and the answers are simple...Dr Seuss

Be who you are and say what you feel because those who mind don't matter and those who matter don't mind...Dr Seuss

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Re: Jarislowsky Fraser

Post by randomwalker » 29 Sep 2011 06:05

The always interesting Stephen Jarislowsky

part one
http://watch.bnn.ca/#clip540339

part two
http://watch.bnn.ca/#clip540340

part three
http://watch.bnn.ca/#clip540342

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Re: Jarislowsky Fraser

Post by Waylander » 04 Oct 2011 18:24

randomwalker wrote:The always interesting Stephen Jarislowsky
Thanks for posting this, Jarislowsky explains things so simply and I feel is dead on in most of his points. A really enjoyable interview.

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Re: Jarislowsky Fraser

Post by fin0007 » 07 Oct 2011 00:58

Thank you for posting.

Truly educational. The world's not going to crash. I wish Howard had asked him about the price of gold and if he has
any cautions about China.

Think I'll check a couple of his mutual funds to see the exposure to the yellow metal. While I'm there, will also note a
couple of stocks like ENB, Teck and Westcoast Terminals that I'm curious about. I'll be interested in his cash position.

He doesn't seem to be shy about expressing his opinion. I'm an income investor, so I appreciate his comments. He seems
quite calm about the world situation and that 's reassuring.

To me his advice is priceless.
Those who do not remember the past are condemned to repeat it's mistakes.

George Santayana

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Re: Jarislowsky Fraser

Post by bindexit » 16 Oct 2011 18:00

Thanks for the post as well.

I admire his achievements in life and approach to investing. I appreciate more though his activism by co-founding the Canadian Coalition for Good Governance.

If I recall correctly, Jarislowsky Fraser holdings are world wide blue chips. On June 30, 2011, I think the top 4 holdings were 3 Canadian Banks (RY, TD, BNS, Talisman).

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Re: Jarislowsky Fraser

Post by randomwalker » 20 Dec 2011 18:20

Stephan Jarislowsky video from BNN, December 20, 2011

http://www.bnn.ca/News/2011/12/20/Housi ... owsky.aspx

Noted investor Stephan Jarislowsky, chairman of Jarislowsky Fraser investment firm, has a warning for Canadian homeowners.
"I believe that Canadian real estate is over-priced by about 25 to 35 percent," he tells BNN. "I think the [debt-to-income] ratio of 155 percent of disposable income of the average Canadian is excessive, especially because we do not have tax exemptions like Americans." Jarislowsky also says that with a slowdown in global economic activity, commodity prices will likely fall and that will "increase [Canada's] adverse balance of trade and our current account balance." "Canada is in a difficult position and would be in a much more difficult position if interest rates were at normal levels," he adds.

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Re: Jarislowsky Fraser

Post by andyt » 21 Dec 2011 17:14

Thanks for posting the interview, very interesting. Frances Horodelski cites his top three holdings as Canadian banks. I have been unable to find what stocks his funds hold. Does anyone know of a location with this info?

Thanks
andyt

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Re: Jarislowsky Fraser

Post by JaydoubleU » 22 Dec 2011 20:46


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Re: Jarislowsky Fraser

Post by Springbok » 23 Dec 2011 11:28


Had a look at those funds on Morningstar - Then realized that the A series have much higher MER's - 1.6% for the first fund. There is also a front end load, but I did not see the amount.

Not sure yest if the E series can be purchased on-line at BMOIL. If so, maybe they would be in same league as the old PH&N funds?

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Re: Jarislowsky Fraser

Post by BRIAN5000 » 23 Dec 2011 11:58

The E-Series Funds are available through:
- Disnat
- National Bank Direct Brokerage
- Scotia iTRADE
- TD Waterhouse
“Sometimes you are going to sell early and wish you would’ve held on, other times you will hold on a
little bit longer and wish you would’ve sold early - this is just part of the game.” - Frank Zorilla via Abnormal Returns

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Re: Jarislowsky Fraser

Post by Springbok » 23 Dec 2011 12:43

BRIAN5000 wrote:The E-Series Funds are available through:
- Disnat
- National Bank Direct Brokerage
- Scotia iTRADE
- TD Waterhouse
OK, thanks - I now see it on their site. I guess that rules them out, for me.

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Re: Jarislowsky Fraser

Post by JaydoubleU » 24 Dec 2011 19:45

What strikes me when I look at Jarislowsky's portfolios is just how easy and obvious they are to reproduce--without the fees. I hold most of the top ten, and got out of stocks like MLF before most of the pain.

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Re: Jarislowsky Fraser

Post by Peculiar_Investor » 06 Nov 2012 22:12

Big shakeup, Stephen Jarislowsky, Canadian investing legend, hands over helm at 87 | FP Street | News | Financial Post and How the Jarislowsky Fraser shakeup shaped up - The Globe and Mail.

I found this quote from the G&M interesting, given the Mr. Jarislowsky is 87,
But there has also been lingering uncertainty about the future of the firm given the age of Mr. Jarislowsky, who once quit the board of valve maker Velan Inc. after criticizing the founder as someone “who doesn’t know how to let go.”
I have no experience dealing with the firm, but enjoyed his book, The Investment Zoo (co-written with Craig Toomey), ISBN 2-89472-259-1.
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Re: Jarislowsky Fraser

Post by Jungle » 07 Nov 2012 21:14

I know this guys name because of an underperforming mutual fund in our pension. It can't even beat the tsx and we are paying all this MER for them so figure it out. I wanted to write him a letter one time and ask wtf are you doing. I doubt he's even in control of it.

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Re: Jarislowsky Fraser

Post by adrian2 » 08 Nov 2012 09:59

Jungle wrote:It can't even beat the tsx
Like the vast majority of his peers...

Welcome to indexing 101.
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Re: Jarislowsky Fraser

Post by Peculiar_Investor » 12 Feb 2018 08:27

Announced this morning, Scotiabank to Acquire Jarislowsky Fraser
Company press release wrote:ORONTO, Feb. 12, 2018 /CNW/ - Scotiabank and Jarislowsky Fraser today announced that Scotiabank will acquire Jarislowsky Fraser, one of Canada's leading independent investment firms with more than $40 billion in assets under management on behalf of institutional and high net worth clients. The combination of Jarislowsky Fraser and Scotiabank's asset management business creates the third‐largest Canadian active asset manager with $166 billion in assets under management (as of December 31, 2017). The transaction is expected to close in fiscal Q3 2018, subject to regulatory approvals.

The purchase price payable at closing of approximately $950 million will be satisfied primarily by the issuance of Scotiabank common shares. An earn-out of up to $56 million in additional Scotiabank common shares may be paid based on achieving growth targets.
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Re: Jarislowsky Fraser

Post by cannew » 13 Feb 2018 18:49

The purchase will probably improve BNS returns. For individuals, I like his book and by selecting specific statements, he believes in buying individual quality stocks with long history of rising earnings (and dividends) and avoiding cyclical stocks.

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