Sep 292014

Tweet Because, hey, let’s create a convenient excuse for the poop jokes. CHALLENGE ACCEPTED. I’m not gonna lie, one of the reasons why I wanted to go to Japan is because I wanted to try a bidet. It’s like a magical invention that nobody wants to talk about because of the, uh, dirty work it does. But I was curious. What did it feel like? Did it get everything? And was there really a camera in it like on that episode of the Simpsons? And then Vanessa and I stayed at a Read More [...]

Sep 242014

Tweet A few months ago, one of my readers asked about metallurgical coal producer Walter Energy (NYSE:WLT). The company’s share price fell from a high of $136 in 2012 to less than $5 per share at the time. I wrote a blog post about it, and came to the conclusion that it had too much debt, was bleeding too much cash, and should probably be avoided. Turns out I’ve been right, at least so far. The company’s stock currently sits under $3. It continues to be a rough go for Read More [...]

Sep 222014

Tweet (image credit) I’m not sure I hate anything in this world more than SMART goals. Okay, that’s a lie. I hate plenty of things more — like entitled people, the lazy, whiners, mustard, sunshine, The New York Yankees, people polluting my Twitter feed promoting their latest post 19 times, when I miss a spot trimming my beard, the dark, bullets (but not guns), drunk people, WHOO girls, the Chicago Cubs’ starting lineup from 1989, feelings, showering, that time I fell down, and 37% of the people from Denmark. I’m Read More [...]

Sep 182014

Tweet It’s Thursday, which means it’s your weekly helping of Eddie. No, you cannot have seconds. He blogs here.  Every few months, I spend several minutes reading several PF blogs, also known as my competitors. It never ceases to amaze me at the level of groupthink prevalent in the PF community. The most common elements encountered in terms of this phenomenon are: Banks are out to steal your money Only get a no-fee credit card Index investing is the best and really the only way to invest in the equity Read More [...]

Sep 162014

Tweet Of course, you probably don’t know anything about penny stocks anyway, so it’s okay. I’m here to educate you, young grasshopper. When you think of penny stocks, you’re probably thinking about something like this: These are the classic pump and dump schemes, which go a little something like this: Dirtbags identify a small company with a compelling story. They slowly buy a stake in said company for a few thousand bucks. Then they use guys like Eric Dickson up there to promote the hell out of this “great opportunity” Read More [...]

Sep 112014

Tweet It’s Thursday! Thursday! Thursday! So it’s Eddie! Eddie! Eddie! Here’s his Blog! Blog! Blog! In my last post, we were introduced to the concept of the Black Swan, which is a highly impactful event outside the realm of normal expectations, and can only be explained in hindsight. The author of the book from where this idea originates, Nassim Nicholas Taleb, professes that humanity ignores Black Swans to devastating consequences, especially in the financial world. He cites numerous stock market crashes and financial meltdowns that have erased billions of dollar Read More [...]

Sep 092014

Tweet Back in the day, I wrote why Warren Buffett would be a bad personal finance blogger. If I recall correctly, it was one of those posts that I thought would be important and go over well, but bombed with all of one comment. (Edit: nope, five! whole comments. Not bad) Not that the number of comments that a blog post gets is important, but still. I don’t think people got it. I’ll save you the trouble of clicking back. Buffett would make a terrible personal finance blogger because he Read More [...]

Sep 082014

Tweet AND THE PLAYERS GONNA PLAY PLAY PLAY PLAY AND THE HATERS GONNA HATE HATE HATE HATE. Sorry, got a little distracted there. What are we gonna talk about today? (Scrolls up) OHGODOHGODOHGODOHGOD! No, that’s not true at all. Today’s post is gonna be a good one. It might even encourage a few amateur landlords (i.e. people with one or two condos in Toronto/Mississauga/other Toronto suburbs) to sell their units and do this instead. Unless they’re angling on the I’m gonna sleep with my tenant thing. Sure, that’s not gonna Read More [...]

Sep 042014

Tweet It’s Thursday, so it’s Eddie time. He blogs at Summaticus, and in all of our hearts.  In 2007, a former derivatives trader, professor, and thinker named Nassim Nicholas Taleb wrote a book called The Black Swan: The Impact of the Highly Improbable. It is a book about an event that Taleb refers to as a Black Swan. In yesteryear, humans thought that all swans were white, as they have never seen that particular bird of a different colour. However, the conventional wisdom of all swans being white was shattered Read More [...]

Sep 032014

Tweet The year was 2013. Nelson was still a chip guy, instead of being scared to go outside in the rain. Nelson was single, because, well, throughout his life at that point it would have been a pretty good guess. And Nelson wrote this massively long piece outlining why he thought Canada was in a giant real estate bubble. To this day it remains one of my more popular posts, at least judging from the number of you guys who left a comment. But I didn’t just go as far Read More [...]