Walter Schloss is a ‘cigar butt’ kind of guy. No matter how far the cigar butt has burnt, there’s always a couple puff’s left in it. Just like a company, no matter how bad they may seem, there’s always some value to be found in it. Walter Schloss was very well respected investor to those who were lucky enough to know him. He was considered by Warren Buffett, one of the Super-Investors.
Remember when Apple was just a toy. Actually it wasn’t that long ago, but there was a time when the world didn’t give Apple the respect it deserved - or at least the business world didn’t. The world was completely dominated by PC’s and Apple was just an afterthought. Sure it’s natural market was the geek/nerd (remember when that was an insult) who knew what they were doing with a computer but the big boys … Read more
Oh we were ever so smug 4 years ago as the sub-prime problem rocked the US and in fact the Global financial systems. How could those idiot Americans have gotten themselves into such a pickle. We knew they were headed for catastrophe, how could they not have seen it.
Ah, but wait! It seems we have problems of our own and we don’t seem to be addressing them any better than the … Read more
It’s true, many financial decisions are made with little to no knowledge of the particular investment or in fact about investments in general. I often hear people say things like, “I don’t want any exposure to the stock market, I’m going to buy Mutuals instead”. It’s like saying, “I don’t want to own a car, I’m going to buy a motorized vehicle instead”.
The lion share of upcoming retirees are going to rely on their invsetments to provide a safe … Read more
Canadian Housing prices are at all time high levels relative to incomes. In Vancouver the median house price is over 10 times the median pre-tax household income, making it second to only Hong Kong for affordability. What’s worse is the level of debt being used to finance a lot of new construction. If and when interest rates rise, this could cause a pile of selling to occur at the same … Read more
Hears a guy who says you can still make money in bonds. Lets see, interest rates at 50 year lows, the economy starting to heat up and he still sees some room for interest rates to fall further. There’s only one thing you need to understand about bonds…bond prices move in the opposite direction to interest rates. If rates go up, bond prices will fall, if rates go down, bond prices will rise. Right now … Read more
I make no secret about being a huge Warren Buffett fan nor should any true investor. So when he speaks (or writes), I rush to hear his words. Aside from being a brilliant investor, Buffett has a God-given ability to speak to the average person in a way that makes otherwise complicated things seem understandable. In the attached article, he points out that people invested in bonds and gold are taking … Read more
I’ve highlighted the real estate problem in China before but I think it’s important for people to understand some of the realities regarding China. After all, Canada’s recent economic strength has been a direct result of the demand in China for the raw materials that we produce here in Canada. If China doesn’t need as much of our raw materials, to whom will we sell.
It begs the question, “are you … Read more
Hard as it may be to swallow, we all suffer from mental imperfections. Knowing how these
imperfections affect our decision making can be crucial to your investment success. Here’s a
good primer on some of the behavioral things that lead us to make costly decisions with our
money. Investing is more about temperament than it is about intellect and understanding that
gets you 90% of the way to achieving … Read more
In this weeks edition we take a look at Canada’s Debt Problem compared to the Global Debt Clock; the problem with a tax the rich approach; the World housing crisis; and how Bill Gates is using his fortune to benefit the less fortunate.
Check out this world debt clock. It’s very timely given the problems the world is grappling with right now. You can compare countries and here’s something I think you’ll find interesting. Next … Read more