- Warren Buffett’s recent visit to Toronto generated a spate of newspaper articles. The Financial Post reported that Mr. Buffett is bullish on the American economy despite the recent credit crunch and carried his Q&A with a Toronto audience. You can also view a video of an exclusive interview the Post conducted with the Oracle of Omaha on YouTube. Derek DeCloet of The Globe and Mail also reported on the visit including this gem of a quote: “The people who brewed this toxic Kool-Aid found themselves drinking a lot of it in the end”.
- How do finance professors who counsel us to index invest their own money? Jason Zweig writes that nearly one-third believe they can beat the market. So much for theory!
- As the RRSP season hits the home stretch, it is the season for silly investment ideas, such as this article in The Globe and Mail that suggests a strategy called “Follow the trend”.
- The TV show Til Debt Do Us Part is addictive; it features Gail Vaz-Oxlade knocking financial sense into grown-ups who are irresponsible with money. Thanks to Dividends Matter for the tip that full episodes of the show are available online.
Blog Roundup:
- Canadian Mortgage Trends reports that an incredible 70% of mortgage renewals are simply signed and returned.
- Mike from Four Pillars shares his story of how he almost got trapped into signing a fixed-rate gas contract.
- Larry MacDonald adds the SocGen affair to the long list of trading scandals.
- Million Dollar Journey is giving away five copies of Preet Banerjee’s RRSP book.
- Thicken My Wallet is writing a series of posts on the business of blogging.
Have a nice weekend everyone!
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11 responses so far ↓
1 MillionDollarJourney // Feb 7, 2008 at 11:20 pm
Thanks for the mention CC!
2 WhereDoesAllMyMoneyGo // Feb 7, 2008 at 11:33 pm
Yes, thanks for mentioning MDJ (since it helps me out too!)
Have a great weekend
3 WhereDoesAllMyMoneyGo // Feb 7, 2008 at 11:38 pm
Oh, another good quote from Buffett this week:
“When the tide goes out you see who’s been swimming without any trunks. Well the tide has gone out and it’s not a pretty picture.”
4 thickenmywallet // Feb 7, 2008 at 11:51 pm
Thanks for the mention. Buffet made a comment at the visit that he thought stocks were still over-valued. Gives you perspective to say the least while everyone cries the sky is falling.
5 Four Pillars // Feb 7, 2008 at 11:59 pm
Thanks for the link - and don’t sign anything at the door!
Mike
6 Steve Heath // Feb 8, 2008 at 10:29 am
I’m hooked on the debt show, although I almost never catch it on TV, so thanks for the link… I know what’s running in the background at work today
7 squawkfox // Feb 8, 2008 at 6:38 pm
Ohh, I love “Til Debt Do Us Part .” Is that sooo wrong?
8 Average Joe // Feb 8, 2008 at 10:33 pm
If you like the show, Gail also has a blog at http://gailvazoxlade.com/blog/
Joe
9 Deal Junkie // Feb 9, 2008 at 9:51 pm
” 70% of mortgage renewals are simply signed and returned.”. that’s how banks make their massive profits. well, before the subprime mass of course.
10 Gail Vaz-Oxlade // Feb 12, 2008 at 6:50 pm
I’m glad you enjoy the show, CC. Season 4 has just started to air, and wait until you see what I make people do!
For people who want to learn to deal with their own debt, they can use some of the tools on my website.
11 Canadian Capitalist // Feb 12, 2008 at 9:59 pm
Hi Gail:
So glad you stopped by. Love your show. It should be on network TV.
I checked out your blog. I’ll mention the debt management tools you have in this week’s post.
Cheers!
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