Monthly Payments can be a Financial Sink Hole
Accumulating too many monthly payment plans can sabotage your financial well-being, writes Peter Wastson. Things you purchase are often priced in a manner that is too good to resist. That is a significant financial risk. Buying a car is a perfect example. Assume you are in the market and find a car you like, and […]
Warren Buffet wins $1-million bet
Warren Buffet did not believe hedge fund managers’ exorbitant fees for actively managed money were justified based on performance. So, in 2008, he challenged active managers in the hedge fund industry to a one million dollar bet. It was to be a classic showdown: actively managed money attempting to profit by anticipating future market trends, […]
Achieve financial self-sufficiency with practice of ‘Pay yourself first’
The best time to start saving is when you’re young. The second-best time to start saving is now. Have you heard the expression “pay yourself first”? Pay yourself first is a simple financial planning concept to automatically prioritize your savings. The first thing you do when you get your pay cheque, before anything else, is […]
High investment industry fees do not result in superior returns
Warren Buffett thinks investment industry fees are too high. This was one of his messages in the 2017 annual letter to Berkshire Hathaway shareholders. Excessively high fees are not a new topic for Warren Buffett, or this column. “When trillions of dollars are managed by Wall Streeters charging high fees, it is usually the managers […]
Buffett: High fees for actively managed funds ‘eat up capital like crazy’
Warren Buffett appears to think investment advisers do more harm than good. The sad reality is that in most cases he is correct. The “Oracle of Omaha” went on a verbal rampage at the recently held Brookshire Hathaway annual meeting. His target: hedge fund managers and investment advisers. This is not a new opinion for […]
Buffett’s words of wisdom
Warren Buffett provided some words of wisdom in his recently released annual letters to the shareholders of Berkshire Hathaway. Buffett’s comments touched on the four disciplines leading to success in the insurance business and could be applied equally as well to investments. Our observation is with most endeavors there is a formula for success. Certain […]
