Warren Buffett

One Statistics Professor Was Just Banned By Google: Here Is His Story

"We are going to be looking back on this time in Google’s history and those of other social media and know that they have done some very immoral and confusing things, and it has hurt their public reputation with decent people who wanted to grow into the next future with them..."

5 Charts To Remove The Bubble 'Blinders'

"The financial crisis of 2007/2008 was an epic failure of so many to simply recognize the signs all around them. That tragedy will pale in comparison to the bubble that continues to build in the current market. By operating without blinders those involved in the market can stay above the noise."

Weekend Reading: On A Cliff's Edge

"...Unfortunately, in the financial markets, irrationality historically prevails and very few investors survive the fall..."

The Secret History Of The Banking Crisis

"Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?"

"The World's Most Feared Investor" Lashes Out At Safe Spaces

"Central bankers who are desperately attempting to keep asset prices well above their free-market values serve to create the very opposite of a "safe space." It is actually a brittle and unsustainable space — brittle because nobody knows when the artificial constraints on volatility and price-discovery will suddenly and tectonically shift and return closer to historically-normal levels."

Weekend Reading - Are Stocks Really The Great "Wealth" Equalizer?

"Just recently, the New York Post a very interesting article entitled “Millennials should start taking stocks seriously.” While I am sure the author is well-intentioned, it is a very misguided article in its assumptions... the stock market is not, and never has been, the “solution” to building wealth. If you look around the world, there might be a very small handful that have actually built a fortune by investing alone. That is the exception, not the rule."

Toronto Housing Market Implodes: Prices Plunge Most On Record

Home prices in Canada’s largest city just suffered their biggest monthly drop on record amid government efforts to cool the market and the near-collapse of Home Capital Group spooked speculators. Making matters worse, transactions tumbled 40%, the biggest year-over-year decline since 2009

Is Another Lost Decade Ahead?

"This time is 'not different'. The only difference will be what triggers the next valuation reversion when it occurs. If the last two bear markets haven’t taught you this by now, I am not sure what will. Maybe three times really is a 'charm'..."

Exclusive: How the Home Capital Sausages Were Made

In mid-2014, a whistleblower alerted the Home Capital board to the massive income verification fraud that had gone undetected for years. The board responded in early 2015 by hiring KPMG to conduct an independent review of what led to this epic breakdown in HCG’s underwriting systems. We are in possession of a copy of KPMG’s report, and for the first time ever are giving the public the unvarnished truth of how Home Capital ran its mortgage business. 

13 Truths About How Money Really Works

"It is easy to get sucked into the “hype” particularly at the latest stages of a rampant bull market advance. We all want to be able to under-save today for tomorrow’s needs by hoping the markets will make up the difference. This is the same bit of logic every major pension fund in America has utilized for the last 25-years and are now facing the underfunded consequences..."