Posted on July 31st, 2017 by Barry Schwartz

  Ouch! The loonie has soared almost 10% since June 1st, and the impact of this has made the holding of U.S. Stocks about as much fun as a sharp poke in the eye. One reason for the Canadian dollar’s recent rise is Canada’s improved economy, which is doing better than expected; this led to […]

Posted on July 7th, 2017 by David Baskin

  Elections. Sports events. Stock prices. There are a lot of things in the world that are hard to predict. Among them, and high on the list, is the value of currencies. Forecasters, traders and economists spill oceans of ink and spend hours of time trying to guess (really, it is a guess) if the […]

Posted on June 26th, 2017 by Ernest Wong

  Our recent investment in Delta Airlines has puzzled some of our clients. Given our strategy of buying and holding superior companies forever, why are we now investing in a highly cyclical industry with a well-known history of capital destruction? Let’s start with a brief history of the North American airline industry. In 1978, President […]

Posted on June 21st, 2017 by Benjamin Klein

    One of my hobbies is playing board games. I am an avid player of Settlers of Catan, Carcassonne, Ticket to Ride, and Lords of Waterdeep, and classics like Risk and Trivial Pursuit. While playing Dungeons & Dragons with a group of friends, I recalled an important investing lesson. For those who don’t know, […]

Posted on June 8th, 2017 by Cheryl Kaplan

  Last week at the gym, I struck up a conversation with the gentleman working out next to me. He expressed his frustration with the folks around us who were checking their phones constantly. I sympathized with his irritation but I had to admit that I am also guilty of this transgression. Admit it…You do […]

Posted on May 15th, 2017 by Ernest Wong

  “Tell me where I’m going to die, so I’ll never go there.”- Charlie Munger A large part of successful investing lies in not being stupid, as opposed to being smart. It is usually much easier to avoid an obstacle course rather than fight your way through it.  Since the most important part of our […]