How Canadian is this at 5:40 in the morning?

Thanks for this data

"The hardest part of achieving a great long-term investment track record is over half the time your returns will look average. You can go years where it feels like you are working hard for mediocre returns. Then all of a sudden it changes and the previous year’s efforts, perhaps helped by a better macro environment create circumstances where you don't have to work as hard for your returns. The world works for you and pulls forward 5-10 years’ worth of returns and riches in a single year."

Very cool stuff here Ted. Thanks!

According to the IFIC there were 3409 mutual funds and 1056 ETFs in Canada in 2022. Very little of this capital makes its way into Canadian micro and nano cap companies until they become big enough. That's your edge.