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
Warren Buffett talks to Becky Quick from CNBC…always interesting. But two things strike me about this conversation. Buffett’s outlook on investments and Quick’s reaction. Buffett, true to form, is always talking about the long term. His entry points on most of his investments occur when nobody agrees with his actions. Back in 2008 when he told investors to “Buy American stocks, I am”, he was clearly swimming against … 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
But this is sad. According to a Harris/Decima poll conducted in November (2010), 70% of investors are not fully familiar with the mix of investments in their RSP’s, (i.e. they don’t know what they own). For the vast majority of Canadians, their RSPs constitute the entirety of their … Read more
“They”, never make sense. You know who I’m talking about. They’re the ones who say things like “the markets are going to go up ”, or that this stock or that stock is going to double in the next little while. They say it’s supposed to be a nice winter.
Who are they? They’re really just a collective of prognosticators who make forecasts about the future. But there are two problems with that. First, you can’t forecast the future. Many … Read more
A friend of mine came up to me the other day, after seeing one of my “Get Rich Slowly” billboards and asked, “ Why would you market to get rich slowly, I want to get rich fast”. To which I replied, “then you shouldn’t be one of my clients, should you?” He was a little shocked that I rejected his business that way but I explained to him that getting rich fast is possible, it’s just not probable. Getting rich … Read more