In this episode of Capital Topics, James Parkyn, François Doyon La Rochelle and Raymond Kerzérho discuss the following portfolio management and financial planning subjects:

• In the news: The debacle of the Archegos hedge fund
• Highlights from Warren Buffet’s annual letter to shareholders
• Bad advice of the day: “Sell in May and go away”
• Listener’s question: Why are equity expected returns so low?