Posted on March 15th, 2013 by Barry Schwartz

Over the past few days, I have had a number of people tell me that the market is overheated and they are waiting for a pullback or a correction to get in. If only I had a dollar for every time someone told me that… I wonder if those are the same people who were […]

Posted on March 7th, 2013 by David Baskin

One of the great things about travel is the opportunity to see how other countries and cultures work. On my annual sailing trip in the Caribbean last month I left the nation of St. Vincent and the Grenadines by boat, and entered the neighbouring country of Grenada. In each case this involved visiting the offices […]

Posted on February 23rd, 2013 by Barry Schwartz

One of my favourite investment quotes comes from Bruce Berkowitz, who manages the successful  Fairholme mutual fund. “If you can buy a company with a free cash flow yield of 10% or better and you can’t figure out how to kill it, you should buy its stock all day”. Free cash flow is the excess […]

Posted on February 5th, 2013 by David Baskin

Paul Samuelson won the Nobel Prize in Economics and also wrote the introductory textbook that got me hooked on the subject.  Here’s what he had to say about the stock market: “Investing should be more like watching paint dry or watching grass grow.  If you want excitement, take your money and go to Las Vegas”.  […]

Posted on January 21st, 2013 by Barry Schwartz

Now that the S&P 500 is back to a five year high, investors may be wondering if stocks are still cheap. It has been a nice run since March 2009 and maybe it’s time to cash in the chips. Not so fast. We must remember that earnings on S&P 500 companies will hit a record […]

Posted on January 9th, 2013 by Barry Schwartz

In a recent white paper, famed investment thinker Michael Mauboussin raised an interesting question to shareholders, “If you own the shares of a company because you believe the stock is undervalued, why would you ever want the company to pay a dividend instead of buying back shares? Most shareholders will say, why not receive a […]