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Boeckh Investment Letter

Investment and economic commentary by J.Anthony Boeckh and Robert Boeckh

About Us

Our Philosophy

It has been proven time and time again that investment success has two key ingredients - understanding and acting on the few things that really matter, and focusing on sound process. Consistently good outcomes are the result of following those principles. This is what The Boeckh Investment Letter strives to bring to its clients and is why it has an outstanding track record.

Our approach is based on the following:

  • Money and credit movements are critical in determining basic trends in key investment markets;
  • Eclecticism and reliance on a variety of different tools and thought processes produce consistency in results;
  • Simplicity is essential in cutting through the constant chatter of the noise peddlers and getting to the key factors affecting markets;
  • Challenging collective "wisdom";
  • Focus on aligning investment policy with the long-term fundamental forces such as Schumpeter’s creative destruction, Kondratiev's long wave, corporative profitability, inflation and interest rate trends and the debt supercycle.

J. Anthony Boeckh, Ph. D

From 1968 to 2002, Tony was chairman, chief executive and editor-in-chief of Montreal-based BCA Research (previously known as BCA Publications), publisher of, among others, the highly regarded Bank Credit Analyst, a monthly big-picture analysis of the U.S. economy and financial markets. BCA Research is now owned by Euromoney PLC.

He was also chairman of Greydanus, Boeckh and Associates from 1985 to 1999, a fixed-income investment firm which managed $2-billion in assets when it was sold to Toronto-Dominion Bank in December, 1999.

Mr. Boeckh has a PhD in Finance and Economics from The Wharton School, University of Pennsylvania, and a B. Com from the University of Toronto. He spent four years in the research department of The Bank of Canada in the early 1960's working in the areas of monetary and economic analysis.

He taught Economics and Finance at McGill University in Montreal from 1968 to 1973 and has lectured at economic, financial and investment seminars and conferences in various international centers in North America, Asia and Europe. He recently authored The Great Reflation: How Investors Can Profit from the New World of Money published by John Wiley & Sons in 2010 and co-authored The Stock Market and Inflation, published by Dow Jones-Irwin in 1982. He is a founding trustee of the Fraser Institute in Vancouver, British Columbia (an economic "think tank" dedicated to free market principles).


Robert Boeckh, M.A.

Robert has been working in the investment business since 2006. He is involved in portfolio management specializing in small cap Canadian firms, with a special interest in asset allocation.

Prior to his work in the investment industry, Robert worked as a geographic information specialist for various levels of government. He has a Bachelor's Degree from the University of British Columbia in Resource Management and a Master's Degree in Environmental Management from Royal Roads University.