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in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, Ju ly 7, 20 22 | 6 ABOUT US This newspaper, published every Thursday, is a division of the Metroland Media Group Ltd., a wholly-owned subsidiary of Torstar Corporation. The Metroland family of newspapers is comprised of more than 70 community publications across Ontario. This newspaper is a member of the National NewsMedia Council. Complainants are urged to bring their concerns to the attention of the newspaper and, if not satisfied, write The National NewsMedia Council, Suite 200, 890 Yonge St., Toronto, ON M4W 2H2. Phone: 416-340-1981 Web: www.mediacouncil.ca insidehalton@metroland.com facebook.com/OakvilleBeav @OakvilleBeaver WHO WE ARE VP, Regional Publisher Kelly Montague Regional General Manager Jason Pehora Director of Content Lee Ann Waterman Regional Managing Editor Catherine O'Hara Managing Editor Karen Miceli Director of Distribution Charlene Hall Circulation Manager Kim Mossman Directors of Advertising Cindi Campbell and Graeme MacIntosh Director Creative Services Katherine Porcheron CONTACT US Oakville Beaver 901 Guelph Line Burlington, ON L7R 3N8 Phone: 905-845-3824 Classifieds: 1-800-263-6480 Advertising: 289-293-0620 Delivery For all delivery inquiries, please e-mail kmossman@metroland.com or call 905-631-6095. Letters to the editor Send letters to insidehalton@metroland.com. All letters must be fewer than 320 words and include your name and telephone number for verification purposes. We reserve the right to edit, condense or reject letters. Published letters will appear in print and/or online at insidehalton.com OPINION TO LEARN HOW TO SUBMIT YOUR OWN CONTENT VISIT INSIDEHALTON.COM As part of our efforts to- ward reconciliation in Hal- ton, regional staff have been working to build and foster meaningful and reciprocal relationships with Indige- nous Peoples and communi- ties based on cultural un- derstanding, empathy and mutual respect. To continue this impor- tant work, on June 20, Ogi- maa R. Stacey Laforme from the Mississaugas of the Credit First Nation (MCFN) and I signed a Re- lationship Agreement, for- malizing the ongoing work to build a constructive, col- laborative and mutually respectful relationship be- tween Halton Region and the MCFN. The agreement will help Halton Region and the MCFN achieve the shared objectives of the Truth and Reconciliation Commis- sion (TRC) final report and calls to action, and the United Nations Declara- tion on the Rights of Indig- enous Peoples (UNDRIP). It will also help identify areas of mutual concern and interest, as well as es- tablish and support shared understanding and ongo- ing conversations. Building meaningful re- lationships with Indige- nous Peoples and commu- nities, including the MCFN, is an important part of Halton's responsi- bility for reconciliation and commemoration. By signing this Rela- tionship Agreement, we help ensure that this work continues for years to come and that our relationship is based on cultural under- standing, empathy and re- spect. In June 2021, Halton re- gional council also en- dorsed permanently flying the MCFN flag at Halton Regional Centre and a land acknowledgment state- ment was developed in con- sultation with MCFN. I encourage everyone to watch the recording of the ceremony and to explore the details included in the Relationship Agreement. The recording and addi- tional details are available on halton.ca. Although National In- digenous History Month has ended, I encourage you to continue to explore re- sources and online learning available about Indigenous history throughout the year. For more a list of re- sources and more informa- tion about Halton's ongoing work to build meaningful relationships with Indige- nous People and communi- ties, visit halton.ca. By continuing to build relationships with the MCFN and working togeth- er to achieve our shared goals, we help make Halton a great place to live, work, raise a family and retire. Gary Carr is regional chair of Halton Region. To contact him, email gary.carr@halton.ca. AN IMPORTANT STEP TO RECONCILIATION REGION SIGNS RELATIONSHIP AGREEMENT WITH MISSISSAUGAS OF THE CREDIT FIRST NATION, WRITES GARY CARR A narcissist investment manager thinks it's all about them, tends to take big risks and has a lower risk adjusted returns than their peers. The truth is, money management is all about the investors. It is not about the money manager and their personal charac- teristics. There has been exten- sive research in how indi- vidual investors react to certain situations. Beha- vioural finance has taught us much. Now we shift the focus to the personality traits of a money manager. This research is from Philipps University in Ger- many and was presented at the 2022 Annual Confer- ence of the Swiss Society for Financial Market Re- search. The report stated the "major manifestations of narcissism include an ex- aggerated sense of self-im- portance and entitlement, a lack of empathy and con- stant need for attention and admiration." A narcissist manager of- ten does not follow the stat- ed investment strategy of the fund they manage. The report said those managers "tend to be attracted by bold and rather risky in- vestments, which result in higher volatility of re- turns." There is a popular ex- pression that investors want a "return of their cap- ital" more than they want a "return on their capital." Safety and preservation of capital is paramount. Money managers should always maintain ra- tional thinking. Peter Watson is regis- tered with Aligned Capital Partners Inc. (ACPI) to provide investment advice. Investment products are provided by ACPI. ACPI is a member of the Invest- ment Industry Regulatory Organization of Canada. The opinions expressed are those of the author and not necessarily those of ACPI. Only investment-related products and services are offered through Watson Securities of ACPI. Watson provides wealth manage- ment services through Watson Investments. He can be reached at www.watsoninvestment- s.com. NARCISSISTIC INVESTMENT MANAGERS UNDERPERFORM GARY CARR Column SIGN UP FOR OUR WEEKLY NEWSLETTER AT INSIDEHALTON.COM PETER WATSON Column