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Editor's Message

WHEN WE ENVISION GOLD...

Sara Maginn Pacella

SaraMaginnWHEN WE ENVISION GOLD, our minds may turn to the precious metal, trophies of excellence, or even a rock-solid promise. As the infamous daredevil Evel Knievel once said, “The finest compliment you can pay a man is that his word is as good as gold.” 

The theme of this issue of The Analyst is the “gold standard.” The CFA charter is often synonymous with the gold standard because of the rigour of the CFA exams, the continued work charterholders undertake throughout their careers to sharpen their expertise, and charterholders’ ongoing commitment to a high standard of ethics. 

In addition to our coverage of industry trends and CFA Society Toronto events, in this issue, we also provide a take on the “gold standard” in its original sense as a monetary system, featuring a comprehensive article exploring a contemporary viewpoint on the evolution of the gold standard. Our charterholder profile explores the career path of Brian Szeto, CFA, a senior mining executive who shares what drew him to the mining sector, his advice for aspiring mining equity research analysts, and his thoughts on gold as an investment. 

Moving from precious metals to platinum albums and from rock-solid promises to rock stars, gold is used to denote items we give value to and is often linked to great achievements. Interest in investing in music royalties has been on the rise and music royalties are growing as an asset class. We provide analysis of what investment in musical royalties means for both financial and music industry professionals. 

We also connect with the winning teams of CFA Society Toronto’s Local Ethics Challenge and the CFA Society Toronto and CFA Society Ottawa Research Challenge, gaining insight into their perspective as the next generation of financial professionals. 

Our thorough summary of Bank of Canada Governor Tiff Macklem’s address to CFA Society Toronto discusses rising interest rates and getting inflation back to target. Meanwhile, on International Women’s Day, CFA Society Toronto hosted a panel discussion featuring prominent women leaders in the asset management industry. Our coverage of this session features valuable advice and insight into how women can lead in any role. 

Whatever you are working toward in the coming months, I sincerely hope that you take some time to enjoy the weather while the warm days of spring turn to summer.CFA_Toronto_RGB Milly

Sara Maginn Pacella, is editor of The Analyst
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