Contra the Heard Investment Newsletter

05/30/2026

While everyone is chasing data center stocks and flashy software apps, Neo Performance Materials ($NEO.TO) is uniquely positioned to succeed in the AI race. In our latest Globe & Mail feature, Phil MacKellar breaks down why.

Read the breakdown here.👇 https://www.contratheheard.com/the-contra-guys/neo-performance-materials-look-past-the-ai-data-centre-hype-to-the-critical-metal-buildout/

"description" content="Neo Performance Materials offers investors exposure to the critical minerals powering AI infrastructure, electrification, and advanced manufacturing. Philip MacKellar explains why the long-term materials buildout may matter more than short-term AI hype."

05/25/2026

The sweet spot is 20 to 35 names; it’s diversified enough to offer protection but concentrated enough to move the needle when stocks move.

05/22/2026

You don’t need a "perfect" stock, just a good business at a cheap price.

05/19/2026

Big names grab the headlines, but small caps deliver the growth. While the crowd argues about overvalued giants, we hunt for small, unloved, companies with reasonable valuations.

05/16/2026

Real stock picking is uncomfortable. You’ll buy when others think you’re wrong and sell when others think you’re crazy. Conviction isn’t a feeling; it’s the result of doing work so deep that volatility can’t shake you out.

05/14/2026

Portfolio management is often about what you don’t do. Trade sparingly, ignore the market "pulse," and embrace uncertainty. Being a forced seller is the quickest way to kill your returns.

05/11/2026

Forecasts tell you more about the forecaster than the future.

05/08/2026

One reason why we have invested in $NEO.TO:

https://x.com/IEA/status/2051626719568662675

05/04/2026

Great businesses don’t guarantee great returns. The price you pay sets your margin of safety, and overpaying can turn excellence into underperformance.

04/29/2026

In his latest Globe & Mail article, Phil MacKellar explores why Bird Construction ($BDT) is a prime example of why you should "let your winners run" and why heavy insider buying is a signal you can't ignore.

Read the full article here:

"Bird Construction’s strong ex*****on and insider alignment highlight a key investing lesson: let your winners run. Philip MacKellar explains why insider buying—not selling—is often the more important signal." />