That fucking stock market is a crazy place.
You'd probably believe that Canada is a safer place to invest money than most other countries. It's probably the case, but still, we have a lot of crappy stocks and even, disasters.
First, let's recall that the 2008-2009 crisis was caused by a big part of the american banking industry. The US governement had to save many big institutions that were "too big to fail". Then, about 8 years later, we learn that Wells Fargo, the most respected bank in America is involved in a massive false accounts scandal. OK, that's not comparable at all to the subprime crisis, but we see that there's still a lot of shit in this industry.
In Canada, in the very recent past, we've had Valeant and Concordia. Two multi-billion dollars companies in 2015 heading now to penny stocks. Can you believe it? Those fucking Mike Pearson and Mark Thomson should be covered by tar and feathers for the rest of their fucking lives to look like what they are: fucking chickens.
We've also had that fucking Baazov playboy with his insider shit at Amaya.
And even more recently, we're having Home Capital Group, that's going downhill like a fucking dead body in the ocean. Deeper and deeper, day after day. Waiting for the laws of physics to crush it.
That stock was loved by many, only a couple of years ago. It was the darling stock of Jason Donville and many, many others. And now, it looks like a fucking scam.
One could be tempted to go out of the stock market with all that crazy shit. I'm disgusted by what I've saw in the last 2 years. But still, I'll repeat what I now believe: boring industries that go quietly are much less inclined to be part of that kind of scam. When you sell auto parts or hardware and your accounting practices are standard, your chances of trying to fuck us are way lower.
Truth is, most industries are runned by honest but so-so management. Some industries are runned by dishonest or reckless management (when you're dishonest, does it matter if you're efficient or not?) and few business are runned by honest and efficient management.
What's scary is that who seems honest now, and for many years, could very well be dishonest in reality.