WARREN BUFFET ONCE SAID, “In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don’t have the first, the other two will kill you.” 

Our everyday actions define us and our professional industries. Whether benchmarked in renowned studies, like the Edelman Trust Barometer, or by our professional peers and loved ones, the decisions we make every day have a butterfly effect on those around us.

Commitment to continued education and staying informed is sometimes as simple as reading this magazine, staying apprised of industry trends, and opening our minds to better face hard decisions. This will allow us to make better-informed decisions tomorrow.

In this issue of The Analyst, we turn to the area of trust and ethics, focusing on what it means to make meaningful change. We dive deep into everything you need to know about the seven potential changes to the CFA Institute Code of Ethics and Standards of Professional Conduct. Vice President and Director, Social, and Governance (ESG) Research and Engagement at TD Asset Management Inc., Priti Shokeen shares her expertise in ESG investing. Shokeen looks to emerging changes in the industry, from both an ethics and business perspective.

We report on how organizations can make meaningful changes to leverage talent and promote inclusion, and we get technical in our learning as we walk through object-oriented programming in Python.

Our charterholder profile highlights the career of CFA Society Toronto’s former CEO, Sue Lemon, CFA. In this comprehensive interview, Sue reflects on her fixed-income career, and we celebrate her many contributions to the local investment community.

We also showcase the research of the 2022 Hillsdale Investment Management – CFA Society Toronto Investment Research Award winners and their paper, Outsourced Funds and Risk-Taking: A Tale of Two Contracts. The paper highlights significant concerns for investors when the management function of mutual funds is outsourced. 

Explore our exclusive online coverage of November’s 65th Annual Investment Dinner. The dinner featured an engaging and thought-provoking discussion of global geopolitical risk and its investment implications from acclaimed author and investor Bill Browder.

We look forward to learning more alongside you in 2023 and wish you a relaxing and safe holiday season and a happy new year.