Otsog

Wow, I feel like you just gave me the key to a treasure chest, what an amazing resource. Thanks!

Hey all, I’m trying to remember and find the source for a quote I only remember the rough jist of. I’m pretty sure it was Buffett or Munger, but it may have been someone else completely. the quote paraphrased was: ”there is no reason to work with people who are constantly pessimistic / it will not be enjoyable etc / except for your accountant, heed the pessimism of your accountant” ring any bells?

Honestly, I thought it was intentionally cheesy or sarcastic. The graph bars are going up significantly each year. But a 4 year sample is a pretty short time frame for value investors and we are typically more accepting of volatility. The plane is flying around the world. But, that seems to be the antithesis of the frugal, under the radar, sound judgement style of most value investors. Unless that is a dig at Buffett's 'The Indefensible'. What about a cartoon of Buffett and Prem picking up cigar butts off the street?

By laddered do you mean just buying a bit of all the ones posted, or is that a different product? Ya, I looked at the posted GIC rates at a couple of bank sites, they are pretty awful from what I found. I think your right re: CDIC not being a major concern. Less than $2 mill LTD at 2.7%. The plan is to segregate the funds as any repayable amount will have to be repaid with actual interest earned.

Followup, if we decide to go with AAA Canada bonds like the below, how many different bonds should the $10 million be spread over? http://i.imgur.com/nViOv0Q.png

Hi all, The organization I work with recently received ~$10 million. A portion of the funds may have to be returned depending on the outcome of a court case. The timeline of the resolution of the case is not known, but could be anywhere from months to 2+ years. I'm looking for advice on our investment options or any other issues I should take into account. I'm assuming based on the amount, CDIC limits mean our best option would be AAA Government Bonds? TIA, OTSOG

What a disaster

Buffett's kids have always seemed like well rounded people. Very philanthropic minded, published author, Emmy Award winner. Real winners. Trump's kids all work at the family business. Sad. Very low energy.

Is this a joke about Baron's cyber skills? I saw Don Jr in an interview saying if Sr won they would use a blind trust that Jr, Eric and Ivanka would run. The interviewer said that's not a blind trust, obviously. Jr insisted it would be because they wouldn't talk to their Dad about it ??? These kids don't seem too bright. Found it: Bolded for emphasis.

A commutation of sentence reduces a sentence, either totally or partially, that is then being served, but it does not change the fact of conviction, imply innocence, or remove civil disabilities that apply to the convicted person as a result of the criminal conviction. A pardon is an expression of the President’s forgiveness and ordinarily is granted in recognition of the applicant’s acceptance of responsibility for the crime and established good conduct for a significant period of time after conviction or completion of sentence. It does not signify innocence. It does, however, remove civil disabilities – e.g., restrictions on the right to vote, hold state or local office, or sit on a jury – imposed because of the conviction for which pardon is sought, and should lessen the stigma arising from the conviction. https://www.justice.gov/pardon/frequently-asked-questions-concerning-executive-clemency

Outsource all your reading to Warren and Charlie. Buy BRK.

What? His net worth is 10+ Billion. Not gifted enough in business or economics? Or so he says. Forbes says he's worth $2.9, I'm inclined to side with Forbes. He's also had a nice boost from his wealthy dad. Well Trump's net worth can fluctuate from $3 to $10 billion depending on his mood.

What's with Trump always saying America gets killed on trade due to trade deficits with Mexico and China? Like having a 50 billion trade deficit translates into losing 50 billion dollars and you are not importing an extra 50 billion in goods.

KMI and KMI.WS

I don't think that analogy makes any sense.