Insights

Today's Thoughts: Behaviour The Behavior Gap – ARKK Edition – About once per year we go over the ballad of Ken Heebner. He was a star mutual fund manager in the 1990s and 2000s with a sterling track record. However, as it is for most good investors, his...

Today's Thoughts: Berkshire I’m going to rehash some numbers I first noted on Berkshire Hathaway in the spring of 2020. If I was still a publishing research analyst, I wouldn’t be publishing these numbers because there are nuances here. But my idea is...

Today's Thoughts: Magazine Indicators Magazine Covers – I see that the greatest stock promoter of all-time has been named Time’s Person of the Year for 2021. Generally, when corporate leaders appear on mainstream magazine covers, that means the trend...

Today's Thoughts: Inflation Let’s review… inflation in the US is now about 7%. The US 10-year bond currently yields about 1.5%. That means that US real yields (the interest rate minus inflation) are at the lowest level since the 1940s Two interesting...

Today's Thoughts: RIFs RIFs – We’ve been getting a lot of questions and addressing some misconceptions around RIFs as of late (our non-Canadian clients can skip this section). A RIF is what an RSP becomes when you turn 71. In a RIF, you are required to...

Today's Thoughts: Donations Donating Shares - If you are intending on donating stock to a charity this year – please do so as soon as possible. These things take a few days to process in the best of times and with more people (in RBC’s back offices, in...

Where We Are In Markets – In the last week, I’ve seen reports of someone paying US$650,000 for a yacht in the metaverse (picture of this non-existent yacht is below). And someone recently paid US$2.43MM for a plot of land in something called Decentraland...

Today's Thoughts: Tax Loss Buying A shorter than normal note today as I spent quite a bit of time writing up the “stocking stuffer” list and I only have so many words in me per day. Tax Loss Buys – It’s Pearl Harbour Day, which is when we release our...

Today's Thoughts: Nutrien & Teck Nutrien (NTR) – Some interesting Nutrien comments out of Scotia this morning. The company is currently using some of its cash flow to pay down debt. They have made it clear that this is the last debt pay down they’ll undertake...