Investments

Monopoly business in the AI build out and chip manufacturing

Leadership team with strong track record (Reading Zero to One lets reveals the blueprint), and incredible growth numbers

ServiceNow runs the software that most of the Fortune 500 use to automate their internal work, from IT tickets to HR to security, with customers ranging from General Mills and Warner Bros. Discovery to government agencies like the U.S. Department of Energy. Its stock has been cut by more than half from its 2025 high and recently slid back near its lows (to ~$95 on June 18, 2026) on renewed fears that AI will make software like this obsolete, even though the business kept growing the whole time.

Itron makes the smart meters and the software that run them for electric, gas, and water utilities, with about 100 million networked devices deployed worldwide. A cyberattack scare knocked the stock from about $142 down to ~$81, and while the business has become much more profitable, a close look at the cash flow shows much of that improvement was one-time, so today's price is closer to fair than the headline drop suggests.

Power Corporation is a Montreal holding company that owns controlling stakes in some of Canada's largest financial businesses, including Great-West Lifeco (Canada Life, Empower, Irish Life), IGM Financial (IG Wealth, Mackenzie), and a growing slice of Wealthsimple. Its stock trades at roughly a 21% discount to what those holdings are worth today, about the discount it has carried for years, so you are buying a dollar of assets for roughly 79 cents.

Vistra is the largest independent electricity producer in the United States, selling power to homes and businesses in Texas and the Northeast while running one of the country's biggest nuclear fleets. It has signed 3,800 megawatts of twenty-year electricity supply agreements with Meta and Amazon, and the stock has fallen 37% from its high while those contracts were being signed.

NRG sells electricity and home services to roughly 8 million customers under brands like Reliant and Green Mountain Energy, and owns about 25 gigawatts of power plants after doubling its fleet in early 2026. In August it announced a 1.2 gigawatt power project for a major cloud and AI company, and the stock fell 15% that same day.

UiPath sells the software robots that automate repetitive office work for thousands of large enterprises across banking, insurance, and healthcare, and is now betting it can become the trusted layer that also coordinates AI agents. Its stock has been cut roughly in half from its 52-week high to ~$10 on fears that AI agents will make its core product obsolete, even as the company just turned its first full-year profit.

Hims & Hers sells health treatments by subscription through an app, covering weight loss, hair loss, sexual health, hormone health and mental health, with nearly 3 million paying members and a supply deal with Novo Nordisk for branded weight-loss drugs. The share price has fallen about 60% from its February 2025 peak because the company deliberately switched from selling cheap copies of drugs it made itself to reselling expensive branded ones, which cut the profit on each sale from 79 cents in the dollar to 64 cents, and left the business burning cash even as sales kept climbing.

CBIL is a Canadian cash-management ETF that holds nothing but short-dated Government of Canada Treasury Bills (maturities generally under three months). It exists to do one job well: turn idle Canadian cash into a safe, liquid, interest-bearing position that pays out monthly, without the lockups of a GIC or the credit risk of a bank deposit. It is backed by the full faith and credit of the Government of Canada, trades on the TSX like any stock, and holds its unit price very tightly around $50 because the underlying T-bills barely move. The trade-off is yield: with the Bank of Canada overnight rate at 2.25%, CBIL currently yields roughly 2.1-2.3% after its 0.10% fee. This is not a growth instrument or a return generator. It is a parking spot for capital and a shock absorber for the portfolio: a place to hold "dry powder" that earns a modest yield while you wait for deployment opportunities, and a position that holds its value when risk assets sell off.

BIL is the US-dollar equivalent of CBIL: a cash-management ETF that holds nothing but short-dated US Treasury Bills (1-3 month maturities). It does one job, parking cash safely in the most liquid, most trusted government debt market in the world, and pays the income out monthly. It is backed by the full faith and credit of the US government, trades on the NYSE, and holds its price tightly around $91-92. Because the US Federal Reserve's policy rate sits meaningfully above the Bank of Canada's, BIL currently yields around 4.0%, notably higher than CBIL's ~2.2%. For a Canadian investor, that higher yield comes with a catch: BIL is denominated in US dollars, so you take on CAD/USD currency risk. The exchange rate can move more in a week than BIL yields in a year, which means BIL is really two bets in one: a bet on US short-term rates (the safe part) and a bet on the US dollar versus the loonie (the volatile part). It is an excellent USD cash-parking and hedging tool if you already think in USD or want USD exposure; it is a currency bet wearing a safe-asset costume if you do not.