WP Canada recently had the chance to interview the Chairman and Founder of Caldwell Investment Management Ltd., Thomas S. Caldwell says he is always on the lookout for what’s been hammered down.Moreover, he explains that he sees opportunities, as well as how the U.S. will now be even more isolationist, with regards to the current pandemic.
In addition, he said that he has seen most things in his long investment career. After a drive in his 20-year-old pick-up truck to work through a near-deserted downtown Toronto, however, Mr. Caldwell admitted that the COVID-19 crisis is a little different to everything he has seen before.
The good news is, Thomas Caldwell took time out from analysing the markets to talk to WP about his coronavirus outlook. Caldwell states he sees some opportunities.
Moreover, the Caldwell team believes that Mr. Caldwell is a calming voice in the middle of the chaos. He and the rest of the team will have a handle on the pandemic sooner rather than later. He and his team will have a handle on the pandemic sooner rather than later.
“I do not believe this is the Black Death. We have some of the smartest people in the world working on it and they will come up with solutions,” says Caldwell. From his point of view, most people are also taking their positions, from medical professionals through to “insulated” government officials.
As an investor, his job is to try to think about what will work when the world comes out of this. He looks for stuff that's been massacred.
“ - and say, ‘OK, where will an opportunity be and when will that opportunity be recognized?’ I'm always looking at what has been hammered down, so this period of time represents a happy hunting time, if you will, although not too happy,” said the Caldwell Investment Management founder.
According to him, the key concept is isolation, which dictates the big picture. He used to work for a massive, highly political U.S. brokerage where the phrase “incidents are used to do what you want anyway” was commonly used.
“Make no mistake, President Trump will use this to nail China,” he said. “He’s already made noises about if this thing is man-made or contrived or didn't happen by accident, then they're going to pay a price. He wants to do it anyway.”
believes that America is going to be more isolationist and that's always been their natural propensity, including even Canada, which he thinks is a very dangerous situation. This will create more jobs for Americans, which will suit Trump heading into the November election.
Mr. Caldwell says Trump calls himself a tariff man. “He’s going to come back with a lot of those. Everybody's blaming each other, which is too bad, because I think the American public is getting tired of that nonsense,”
Caldwell added: “This isolation will mean a different type of economy and if you're going to have isolation, you want to be in the most powerful economy in the world that will benefit from this and that, like it or not, is America.”
Thomas Caldwell has yet to make any moves, biding his time as he works through the markets and collects his thoughts. He also believes that having been hit hard like travel, such as hotels, cruises and airlines, are areas he rarely invests in.
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(Disclaimer : We are not associated with Caldwell Investment Management)