The Stingy News Weekly: 10/30/2021
Stingy News Flash
My friend Dan Bortolotti, who runs the Canadian Couch Potato blog and works as an index-oriented adviser, is set to publish his new book "Reboot Your Portfolio: 9 Steps to Successful Investing with ETFs" on Monday. You can order it via ...
Two sides of the coin
"Profitability and value are two sides of the same coin and ought to be considered as complementary peers or jointly in a combined strategy." [Value Investing]
44 years studying retirement
"I got up this morning without much to do and I hadn't finished it by the time I went to bed." [Retirement]
Risking, fast and slow
"For example, stocks have lots of fast risk, but little slow risk. The S&P 500 could drop 20% tomorrow, but 30 years from now it's likely to be much higher than it is today. On the other hand, cash has lots of slow risk, but little fast risk. Next year your dollar should be worth about the same as it is worth today. But 30 years from now? Not so much." [Markets]
Economists bad at forecasting
"I was looking at survey based forecast errors for short term interest rates, when I generated this graph. It's certainly a humbling picture." [Bonds]
"As for the architectural critiques, Munger said those are par for the course on any building project. 'It's hard to get any two architects to ever agree about anything,' he said. 'Architecture is a game of trade-offs.'" [Munger]
"I am constantly amazed by the capacity of legislatures to write bad tax law, but this one takes the cake as perhaps the worst thought-through and most ineffective attempt ever, at rewriting tax code." [Taxes]
S&P/TSX60 Value Screens
DOW 30 Value Screens
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