{"id":38736,"date":"2025-08-01T06:19:09","date_gmt":"2025-08-01T06:19:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/38736\/"},"modified":"2025-08-01T06:19:09","modified_gmt":"2025-08-01T06:19:09","slug":"choosing-the-right-book-for-the-dog-days-of-summer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/38736\/","title":{"rendered":"Choosing the right book for the dog days of summer"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Picking what to read can be the hardest part of packing for vacation.koufax73\/iStockPhoto \/ Getty Images<\/p>\n

When packing for a vacation, deciding what to read is always the hardest part. I can spend as much time thinking about which books to bring as I actually spend reading them. Never a real believer in a \u201csummer read,\u201d I want something rewarding for those rare stretches of uninterrupted reading, but not so difficult that I\u2019m reluctant to pick it up at all. The time is precious, so the pressure mounts. <\/p>\n

I almost always end up choosing the wrong books and then buying or borrowing something else \u2013 and thoroughly enjoying it. This makes for inefficient packing and a lot of wasted worry. So, for anyone as neurotic about vacation reading as I am, we have a list for you. <\/p>\n

Globe Advisor asked leading economists and advisors for books that advisors should be reading<\/a> to understand the world and what their clients are experiencing as we head into the August long weekend and the true dog days of summer that follow. <\/p>\n

The picks \u2013 from Royal Bank of Canada\u2019s Frances Donald, University of Calgary\u2019s Jack Mintz, Tom McCullough of Northwood Family Office, and others \u2013 include behavioural finance, history, public policy and fiction. Hopefully, there\u2019s something for everyone. And if you want more options, U.S. financial planner Michael Kitces and his team at Kitces.com put together their own summer reading list in June.<\/a><\/p>\n

As for my own vacation reading? After carefully selecting two books to bring on a short trip to London, U.K., last month, I neglected them both after a visit to Daunt Books, where I picked up (and devoured) Inspector Imanishi Investigates by Seich\u014d Matsumoto. It\u2019s a police procedural that opens with a body on the train tracks, but offers a window into Japanese society and cultural change in the early 1960s. <\/p>\n

Portfolio managers will appreciate Inspector Imanishi\u2019s rigour, patience and humility, returning to the same evidence again and again from different perspectives, nimble enough to abandon failed hypotheses and acknowledge his own biases.<\/p>\n

What\u2019s on your reading list for the rest of the summer, and what would you recommend for your fellow advisors? Let us know.<\/p>\n

\u2013 Mark Burgess, Globe Advisor assistant editor<\/p>\n

mburgess@globeandmail.com<\/a><\/p>\n

Are you reading us on the web or did someone forward the e-mail version to you? If so, you can sign up for Advisor Weekly here<\/a>.Must reads<\/p>\n

Cross-border counselling: All advisors have been navigating rapid policy shifts since U.S. President Donald Trump took office, but those who specialize in cross-border planning have been especially affected by the changing Canada\u2013U.S. relationship. Alison MacAlpine reports on the policy false starts, heightened border scrutiny and an emotional political environment.<\/a><\/p>\n

Cash-flow woes: Many advisors and financial planners prepare budget sheets to keep clients on track with their finances, but even these plans can result in a shortfall sometimes. That\u2019s because some clients tend to guesstimate their discretionary spending on the budget sheet, an amount that often turns out to be much lower than the reality. Deanne Gage reports on cash-flow planning strategies.<\/a><\/p>\n

A new ESG conversation: As the U.S. grapples with backlash against environmental, social and governance principles, and Canada\u2019s securities regulators pause their work on mandatory climate disclosures, many investors are questioning the future of sustainable investing. The landscape is no longer idealistic \u2013 it\u2019s complex, contested and evolving. More than ever, write Luke Gould and Fate Saghir of Mackenzie Investments, advisors must provide clarity and commitment.<\/a><\/p>\n

More from The Globe<\/p>\n

iA okay: Industrial Alliance Insurance and Financial Services Inc. is acquiring Richardson Wealth Ltd. in an all-cash $597-million deal, adding about 189 investment advisors and $40.3-billion in assets under administration. The acquisition is the latest example of consolidation in Canada\u2019s wealth management industry, writes Clare O\u2019Hara, but advisor retention will be critical before iA can declare the acquisition a success.<\/a><\/p>\n

Natural risks: Canadian boards of directors could face lawsuits and regulatory penalties if their companies fail to account for a wide range of nature-related risks, from biodiversity loss to destructive weather to policy changes, a law firm warns in a detailed new opinion. Jeffrey Jones reports.<\/a><\/p>\n

No relief yet: The Bank of Canada left its benchmark rate unchanged at 2.75 per cent on Wednesday, offering no relief to homeowners facing higher mortgage payments when they renew their loans this year.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Picking what to read can be the hardest part of packing for vacation.koufax73\/iStockPhoto…\n","protected":false},"author":2,"featured_media":38737,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[28124,1397,353,49,48,75,5266],"class_list":{"0":"post-38736","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-books","8":"tag-advisorweeklynewsletter","9":"tag-appwebview","10":"tag-books","11":"tag-ca","12":"tag-canada","13":"tag-entertainment","14":"tag-globe-advisor"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/38736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=38736"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/38736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/38737"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=38736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=38736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=38736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}