EliG

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I use Firefox extension to save myself a few clicks: https://addons.mozilla.org/en-US/firefox/addon/refcontrol/ I created a rule for wsj.com to set the referring URL to google.com. Chrome has a similar extension.

Do you have any prior coding experience? If not, Python is a great place to start. C# and Java are also good choices. Stay away from C++. It's a hard language to learn, especially as your first one.

Ok, I didn't remember correctly. I went back to the video and checked the slide. It's around 54:56 mark. 15% CAGR is right, but the record starts in 1984, not in 1999-2000.

I think he put up a slide that showed his track record. 15% CAGR since 1999-2000, if I remember correctly.

+100 Ontario is a fiscal disaster. I have zero confidence that federal Liberals will govern any better. The party has shifted too far to the left.

I came across a couple of blog post on the same theme: the repatriation of the petrodollars by the likes of Saudi Arabia. Oil Squeeze. Saudi Arabia withdraws overseas funds. Here Comes The Blood Quote from the second piece: "Roughly defined, petrodollars are the dollars earned by oil exporting countries that are either spent on goods or more often tucked away in central bank war chests or sovereign wealth funds to be invested. I’ve read dozens of research reports on the topic and depending on how its calculated, this flow of capital has averaged between $500 billion and $1 trillion per year for most of the past decade. This is money that has been going into financial assets around the world—mainly in the US. This flow of reinvested capital is now effectively shut off. Since many of these countries are now running huge budget deficits, it seems only natural that if oil stays at these prices, this flow of capital will go in reverse as countries are forced to sell foreign assets to cover these deficits. Over the past year, the carnage in the emerging markets has been severe. Barring another dose of QE, I think this carnage is about to come to the more developed world as the petrodollar flow unwinds..." Any thoughts on this?

"Give a man a value stock and he's invested for a day, but teach a man value investing and he'll be in anxiety-ridden mess for life." -- @EddyElfenbein

Pabrai runs OPM. His investors know what they sign up for. I'm guessing that typical Pabrai investor doesn't go all-in on him. More likely, Pabrai gets a slice of the overall portfolio. The rest of portfolio is invested elsewhere. The typical setup on the forum is very different. Many of us manage our entire family portfolios without outsourcing anything. In my own case, wife and I are in the late forties. Portfolio is large enough to fund a retirement. 40% bet on Intralot?? No frigging way.

I get what you are saying, I just don't agree with you. Using your example of a $5m portfolio with my current family situation (single guy, no steady girlfriend, and I better not have any kids in 9-12 months). So I probably would take on bets of ~40% allocation with that amount of money and probably more than I currently do. Schwab: I agree with writser. We need to know portfolio size and age to draw any conclusions from the posted results (to the extent that it's possible at all). Age, family status and portfolio size are correlated. Compounding takes time to do its magic. Young single guy with a $5m portfolio is an outlier case. Two typical combinations are: young single guy / smallish portfolio / high capacity to take risk older couple / large portfolio / low capacity to take risk Young guy with a smallish portfolio is much more likely to swing for the fences than an older couple with a large portfolio. Concentrate to build wealth. Diversify to preserve wealth. This is not controversial.

Does this rule apply to the 'experts' on CoBF?

thepupil, thanks for the laugh. :)

Bank of England blog: Driverless Cars: Insurers Cannot be Asleep at the Wheel

Great blog post. I pretty much agree with everything you wrote. Winters is a disgrace.

Maida's profile from Feb 2009: http://www.macleans.ca/economy/business/patience-pays-off/ 80% cash is nothing new for him.

Yes, if you plan to downsize, and you are fairly certain as to how much equity you can release. Otherwise no.

Love (service): Neflix. I don't watch it personally, but it keeps the family very happy, and I surely love the bill. Love (product): iPad Air Hate (service): Canadian mobile plans. Nuff said. Hate (product): Cars, a.k.a the wealth destroyers. They just sit there in the driveway and depreciate away. Love/Hate: Amazon. Amazon.com is incredible, but most products I want to buy either don't ship to Canada, or ship too expensively. Amazon.ca is far behind .com in terms of selection and value.

The options may be not as straightforward as he presented them. For example, the maximum transfer value to LIRA may be less that the pension commuted value. He may be forced to take the difference as a lump sum income and pay tax on it. There may be a few other factors in play, such as indexing, health benefits, pension splitting, early retirement provisions. See Manulife document for discussion: https://repsourcepublic.manulife.com/wps/wcm/connect/f0e79b80431cf4b58b168b37985f10c7/inv_trs_mk1982.pdf?MOD=AJPERES&CACHEID=f0e79b80431cf4b58b168b37985f10c7 The bottom line is, the real hurdle may be higher than the stated actuarial rate of return.

Ask the same question on FWF. A few regulars there are very knowledgeable about pensions. http://www.financialwisdomforum.org/forum/index.php

Personality types that make the most money: http://www.businessinsider.com/personality-types-that-make-the-most-money-2015-4

Must be this one: http://www.grantspub.com/conferences/ http://www.grantspub.com/files/agenda/AgendaSpring2015-online%20only.pdf

Just google the article title. https://www.google.ca/search?q=Investing+in+Stocks+Against+the+Indexing+Goliath

My current car is the ultimate value pick. I bought used ex-rental Hyundai Sonata directly from Hertz. It's a triple play on depreciation: * regular depreciation of a used car * accelerated depreciation because it's a Hyundai * extra-special-super-sized depreciation because it's an ex-rental Most ex-rentals go to dealer auctions. Used car dealers recondition them and sell them as regular used car. "Ex-rental" part is buried in the fine print. Buying directly from Hertz cuts out two middlemen: the auction house and the user car dealer. Hyundai factory warranty is 5 years / 100K km. The car was 18 months old when I bought it, with 60K km mileage. Which means I got 3.5 years / 40K km balance of factory warranty when I bought. I estimate I saved at least 12K compared to buying new.

To execute the gambit, you need to be able to settle your trades in both currencies, CAD and USD. Either within the same account, or in two linked accounts (CAD & USD). Can you do that at TD Ameritrade? If you can't, I don't see how Norbert's Gambit can be of any use to you.

Alice Schroeder said in her reddit AMA it won't be Ajit. "It won't be Ajit except possibly as a very temporary fix while they find someone permanent. Ajit would rather be set on fire and thrown off the roof of Kiewit Plaza."