Robert F. Richards, President of Heathbridge Capital Management Ltd., has more than 35 years of experience in the investment industry. The first 20 years were spent as a top-ranked Research Analyst, starting in 1970 with Harris and Partners, later absorbed by Dominion Securities. Mr. Richards was a founding Partner in McLean McCarthy, a specialty research investment dealer serving the institutional market. This was taken over by the Deutsche Bank in 1988. He became Manager of Equity Sales, and then Portfolio Manager. For the past 15 years, Mr. Richards has managed portfolios in accordance with an investment discipline distilled from his decades of observing markets and the portfolio techniques of the most prominent money managers in North America. The past 10 of these years were practiced in the format now known as Heathbridge Capital Management. Mr. Richards was born and raised in Winnipeg, where he took his B.A. at the University of Manitoba and worked for three years at the Hudson’s Bay Company. He took his MBA at the Ivey School of Business at the University of Western Ontario, graduating in 1970. He earned his CFA accreditation in 1976.
Concentration and Diversification in Long-Term Investing
November 21, 2012