Overview of the Canadian Hedge Fund Industry & Common Traits of Best Fund Managers

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1 Overview of the Canadian Hedge Fund Industry & Common Traits of Best Fund Managers Bob Thompson, B.Sc. CIM. PFP. AIFP Portfolio Manager & Alternative Investment Strategist Author of "Stock Market Superstars: Secrets of Canada's Top Stock Pickers" To us there are no foreign markets. TM

2 The Dreaded Vomiting Camel Pattern in Gold

3 Gold Stock Rebounds Page 2

4 Equal Weighted Hedge Fund Index Page 3

5 Having Discipline The greatest lesson in life is to know that even fools are right sometimes. -WINSTON CHURCHILL Page 4

6 Thinking differently (outside the box) It wasn t raining when Noah built the ark. -HOWARD RUFF Page 5

7 Having Confidence I think the big distinguishing thing is not so much seeing the opportunities, it s having the nerve or conviction to follow through. -NORM LAMARCHE Page 6

8 Capitalizing on Market Psychology You can t buy what is popular and do well. -WARREN BUFFET Page 7

9 Management There are a lot of reasons management sells stock, but their belief that the stock is going higher is not one of them.( ) Not too many CEO s are willing to put themselves on the line. -JOHN THIESSEN Page 8

10 Bigger isn t always better: Small Cap companies & small AUM Page 9

11 Sometimes the MOST amount of money is made by doing NOTHING Sometimes I sit and think sometimes I just sit. -TIM McELVAINE Page 10

12 Having Patience I think the single biggest weakness with most investors is that their time horizon is way too short. -WAYNE DEANS Page 11

13 Being Humble Page 12

14 Constantly questioning yourself There are too many contrarians, so I will be contrary to the contrarians. -ANONYMOUS Page 13

15 Not Afraid to Make Mistakes I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed. -MICHAEL JORDAN Page 14

16 Letting Winners Run One of the biggest mistakes investors make is selling their winners and holding onto their loses. -ALLAN JACOBS Page 15

17 Looking for the Unusual When it s in the papers, it s in the price. -BILL MILLER (Legg Mason) Page 16

18 Undiscovered and Undervalued Stocks Page 17

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20 Important Information This presentation is solely the work of the author for the private information of clients. Although the author is a registered investment advisor at Canaccord Genuity Wealth Management, a division of Canaccord Genuity Corp. ( Canaccord ), this is not an official presentation of Canaccord Genuity Corp. and the author is not a Canaccord analyst. The views (including any recommendations) expressed in this presentation are those of the author alone, and are not necessarily those of Canaccord Genuity Corp. The information contained in this document has been compiled by Bob Thompson from sources believed to be reliable, but no representation or warranty, express or implied, is made by the author or Canaccord, its affiliates or any other person as to its accuracy, completeness or correctness. All estimates, opinions and other information contained in this document constitute his judgment as of the date of this document, are subject to change without notice and are provided in good faith but without legal responsibility or liability. Canaccord Genuity Corp. and its affiliates may have an investment banking or other relationship with the companies that are the subject of this report and may trade in any of the securities mentioned herein either for their own account or the accounts of their customers. Accordingly, Canaccord Genuity Corp. or their affiliates may at any time have a long or short position in any such securities, related securities or in options, futures or other derivative instruments based thereon. This document is provided for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited. As a result, the securities discussed in this report may not be eligible for sale in some provinces. This report is not, and under no circumstances should be construed as, a solicitation to act as a securities broker or dealer in any jurisdiction by any person or company that is not legally permitted to carry on the business of a securities broker or dealer in that jurisdiction. This material is prepared for general circulation to clients and does not have regard to the investment objectives, financial situation or particular needs of any particular person. Investors should obtain advice based on their own individual circumstances before making an investment decision. To the fullest extent permitted by law, neither Canaccord Genuity Corp., its affiliates nor any other person accepts any liability whatsoever for any direct or consequential loss arising from any use of the information contained in this report. Canaccord Genuity Wealth Management is a division of Canaccord Genuity Corp. Member-Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Copyright Canaccord Genuity Corp Page 19

21 Australia Canada China France Germany Guernsey Ireland Isle of Man Jersey Singapore United States United Kingdom Canaccord Genuity Wealth Management is a division of Canaccord Genuity Corp. Member Canadian Investor Protection Fund Member of all Canadian stock exchanges and the Investment Industry Regulatory Organization of Canada The company of the Canaccord Genuity group of companies through which products and services are offered may differ by location and service. See canaccordgenuitygroup.com/en/companies for more information. canaccordgenuity.com