Blog


03

Mar 2016

Why Bear Markets Are So Painful

Over the last few years I’ve paid much closer attention to the burgeoning field of behavior economics. After 30 years in the wealth advisory business it is gratifying to witness the ivory towers of academia finally come to terms with the fact that most individuals make investment decisions based primarily on their emotions.  For those of us who operate in the real world I would…

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11

Feb 2016

Time To Feed The Goose

“Taxes are our way of feeding the goose that lays the golden eggs of freedom, democracy and enterprise. Someone says, ‘Well, the goose eats too much!’ That’s probably true.  But better a fat goose than no goose at all” – Jim Rohn As I have now begun to receive a flurry of tax “T-Statements” I realize, once again , it is that time of year…

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Time To Feed The Goose

27

Jan 2016

All About Gratitude

As we start the New Year perhaps the most important resolution should be to make gratitude a priority. Easy to say but hard to make a habit of doing.  Once again I draw on the wisdom of Hugh McLeod to expand on the subject. Here’s a question: when in business, when should you *feel* successful? When do you start thinking of yourself *as* successful? When you make a…

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All About Gratitude

06

Jan 2016

The Hierarchy of Investor Needs

We’ve all heard of Maslow’s Hierarchy of Needs but are you familiar withThe Hierarchy of  Investor Needs?  Without trying to come across as being melodramatic, if you truly appreciate what Morgan Housel is saying in the blog below, you cannot help but meet with incredible success as a long term investor. The Hierarchy of Investor Needs By: Morgan Housel One step at a time. One summer in college I…

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The Hierarchy of Investor Needs

04

Nov 2015

The world economy explained with just two cows

“Simplicity is the ultimate sophistication” – Leonardo Da Vinci  When it comes to economics the world can be very complicated. Please see below for a simple yet sophisticated description of a number of the world’s economies.

The world economy explained with just two cows

23

Sep 2015

50 Years of Wisdom

It is difficult to convey in words or diagrams just how incompetent I was when I first stumbled into the financial industry in 1985. In my defense, the company I worked for, McLeod Young Weir’s idea of training was 90 days at head office in which the majority of the time was spent drinking too much at the local bar and listening to a parade…

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50 Years of Wisdom

24

Aug 2015

Why I Invested $39,530 In The Stock Market Today

Quick quiz: How many times during the last four years has the market temporarily declined in one day over 3%? How many times during the four years previous to the most recent four years has the market temporarily declined in one day over 3%? Answer to question # 1 is once this past Friday. Answer to question # 2 is forty-four times. Up until last week…

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Why I Invested $39,530 In The Stock Market Today

23

Jul 2015

Who Would Benefit From a Stock Market Correction?

I recently came across the article below by one of my favourite bloggers, Ben Carlson. I must admit that I have been sounding like a broken record every time I suggest “we are long overdue for a market correction”. With the Greek “crisis” now receding into the background it looks as if once again we may have dodged another bullet. Having said that … it’s…

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18

Jun 2015

Life is beautiful

I recently came across this blog by Sam Altman. Although he is only 30, I thought Altman’s 36 “life advice” tips were incredibly thoughtful. I am in agreement with his comment that he usually finds such lists ‘hollow’. However,  Altman’s tips captured so much wisdom … I just had to pass them along! The days are long but the decades are short By: Sam Altman…

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Life is beautiful

28

May 2015

The Greatest Trick the Devil Played

The French poet Baudelaire once wrote, “The greatest trick the devil ever played was convincing the world he did not exist”. In much the same way I feel the greatest trick financial academia has played on the investing public is to have persuaded us, through the creation of theories such as the efficient market hypothesis, that “volatility” and “risk” are one and the same thing…

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The Greatest Trick the Devil Played


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