Posted on Friday, 3rd September 2010 by James Martin
Charlie Munger is Warren Buffett’s sidekick in Berkshire Hathaway and an investment legend in his own right. In this video, he shares his insights into Berkshire’s share price, Wall Street and picking stocks:
The always dependable Canadian Banks and Insurance Blog shares analyst reactions to the Q3 2010 earnings from the Big 5 banks: Royal Bank, [...]
Posted on Thursday, 2nd September 2010 by James Martin
In the past 90 days, stock markets have advanced a little and the Sleepy Mini Portfolio now shows a modest gain over book value. The Sleepy Mini Portfolio was started with an initial investment of $1,000 in August 2007 and I add $1,000 to the portfolio every 90 days. Here’s how the portfolio components were [...]
Posted on Sunday, 29th August 2010 by James Martin
A recent research paper out of Germany provides ammunition to those who question the value of investment advice. The paper titled “Financial Advisors: A Case of Babysitters?” analyzed two sets of data: 32,751 randomly selected internet brokerage accounts over a 66 month period and 10,434 randomly selected clients of a bank covering a 34-month period. [...]
Tags: Value
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Posted on Tuesday, 24th August 2010 by James Martin
Many readers felt that the criticism contained in a post last week on some of the conclusions drawn from a survey contained in a report titled The Value of Advice put out by The Investment Funds Institute of Canada’s (IFIC) report did not go far enough. They ripped apart the report’s junk science that found [...]
Tags: Report, Report Shreds
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Posted on Wednesday, 18th August 2010 by James Martin
Just a quick reminder that you can read my posts in your favourite reader or delivered by e-mail. Have a great weekend everyone!
Posted on Tuesday, 17th August 2010 by James Martin
If you’ve been missing some of Ron Rowland’s columns on exchange traded funds — ETFs — that we publish here each Thursday, then I think you may be making a serious tactical error.
I say that for three reasons:
First, because [...]
Tags: Etfs
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Posted on Thursday, 12th August 2010 by James Martin
The New York Times featured a compendium of back-of-the-napkin drawings and blog posts that explain the basics of intelligent investing.
Luck plays a huge role in how our investments perform over the time period we are invested in the markets. We may not be able to control what the market gods deign to give us but [...]
Tags: Luck, Napkin Drawings
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Posted on Tuesday, 10th August 2010 by James Martin
The trend of Exchange-Traded Funds (ETFs) capturing narrower and narrower segments of the markets continues inexorably with Claymore announcing a brand-new China ETF that started trading on the TSX just the other day. The new ETF joins an already crowded space: iShares offers a competing product called the iShares China Index Fund (XCH) and for [...]
Tags: Tsx
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Posted on Saturday, 7th August 2010 by James Martin
Goldman Sachs (GS) ?
Shares of Goldman Sachs Group (GS: Charts, News, Offers) jumped one percent yesterday on the news that Goldman Sachs might separate out its proprietary trading or “prop desk” as early as this month. The news was treated as a positive sign from the financial giant after a disappointing second quarter.
Daily [...]
Tags: Goldman Sachs, Proprietary Trading, Trading
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Posted on Tuesday, 3rd August 2010 by James Martin
BP (BP) ?
Finally, after more than one hundred days of leaking oil, there are signs that the Deepwater Horizon at the Macondo well oil spill saga is drawing to a close – at least the actual oil spill portion. Now it is time for the lawsuits, countersuits, publicity battles and government bureaucratic nonsense [...]