In Canada, we had our Thanksgiving a month ago (because the growing season is shorter and it makes no sense to have Thanksgiving in November when it's freezing in much of the country). Nevertheless, in the spirit of American Thanksgiving, I reflected on what to give thanks about. In light of the events in Paris...
It isn't often that we get to participate in buying stocks at the levels that Warren Buffett's Berkshire Hathaway bought them at. Most of the time, the public finds out in regulatory filings after the fact and the stocks have already moved up. Here is one exception that I discovered. In August 2013, Berkshire disclosed...
The standard practice among portfolio managers is to establish a rebalancing discipline for their portfolios. A typical process would involve the following steps: Determine the target asset mix, which could change depending on market conditions. Re-balance if: The asset mix weights moves more than a certain percentage, e.g. 10%, from the target weight; or Periodically,...
I haven't written much about China lately, but I continue to get questions. So I thought that it was time to summarize my big picture thoughts on China here. Riding a motorcycle at 100mph without a helmet There is much to cover so I will just go through the highlights. There is no question that...
The topic of inequality has been in the news in the wake of President Obama's State of the Union speech, which focused on that very issue. I refer readers to my previous post on this subject (see Inequality: Does it matter?) where I concluded that it is the equality of opportunity that matters, not so...
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