By Barry Schwartz That's it? The great stock market correction that everybody and their brother predicted would happen in Canada is already over? The week of October 14, 2014 was damaging, especially for those overweight commodities but this correction ended [...]
There are parts of the market that are frothy and there are parts that are extremely cheap. Bull market, bear market; this has always been the case. The names may change but the culprits are always the same. When you [...]
“If a fine business is selling in the marketplace for far less than intrinsic value, what more certain or more profitable utilization of capital can there be than significant enlargement of the interests of all owners at that bargain price?” [...]
You can’t say that stocks are at all-time highs. Adjusted for inflation, the S&P 500 is 25% below its previous peak over 13 years ago. You can say that stocks are cheap, given that earnings on the S&P 500 are [...]
Normally, I would suggest that you run away from a cannibal but a stock cannibal is one you should embrace. In a recent interview, Charlie Munger suggested that one key to investment success is to look at cannibals — businesses [...]
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 [...]
Leverage buyouts (or the LBO) reached a frenzied pace in 2007. Nine of the top ten largest leveraged buyouts in history occurred in 2007, as private equity shops used loose lending standards, high valuations and low interest rates to their [...]
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