Monthly Archives: January 2015

How Many Minutes Does it Take Warren Buffet to Earn Your Annual Salary?

How Many Minutes Does it Take Warren Buffet to Earn Your Annual Salary?

According to Penny Stocks Lab, Warren Buffet made an average of $37 million PER DAY in 2013.

The people behind this website decided to develop a calculator that shows how long it takes Warren Buffet to earn your annual salary based on his 2013 earnings. 

Here’s an example using a $100,000 salary:

 

 

 

 

 

 

 

 

 

 

 

The finding? 

 

 

Even more to the point, if he hits the snooze button, he’s earned your salary a couple of times over before he gets out of bed.

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Bloomberg Innovation Index

Bloomberg Innovation Index

Bloomberg has released a Global Innovation Index and, well, the news isn’t great for Canada. 

In developing the Index, Bloomberg compared 50 countries in the following areas:

Annual R&D spending Gross value added by manufacturing Number of high tech companies Education levels Professionals working in R&D per 1 million population Number of patents

While the overall results for Canada are mediocre, to put it mildly (12th place), were it not for our relatively high position in the “number of high tech companies” category (5th) place – it would have been much worse.

For example, we rank in 17th and 20th place … Continue reading

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This Week in Financial History

This Week in Financial History

For the week of January 26th

January 26, 1988

CIBC buys 65% of Wood Gundy for $190 million, mostly in shares.

January 27, 1938

After a protracted war with the new U.S. Securities and Exchange Commission, the New York Stock Exchange finally recommends an internal reorganization that will install a board of governors, a salaried independent president and a specialized administrative staff. Previously, the Exchange had functioned as a private gentleman’s club, with conduct enforced mainly by unspoken codes of honour and a pro-bono president chosen from among his fellow brokers.

January 27, 1965

Less than a year after … Continue reading

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Canadian Securities Administrators (CSA) Approves IIROC 2015 and 2016 CRM2 Rules – Book Cost Outstanding

Canadian Securities Administrators (CSA) Approves IIROC 2015 and 2016 CRM2 Rules – Book Cost Outstanding

On January 19, 2015, IIROC announced that the CSA had approved IIROC 2015 and 2016 CRM2 rules.  IIROC dealers had already implemented 2014 CRM2 requirements, worked extensively on 2015 and 2016 implementation, and done as much of the analytical work as possible for CRM2 components where significant uncertainty remained, but major development work for 2015 couldn’t be planned further without final CRM2 rules.  This delay compressed the two years the CSA had allotted for July 15, 2015 CRM2 rule implementation to less than six months.  This is a time compression of 75%.

The final rules are good news.  Questions regarding … Continue reading

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Free Cybersecurity Webinar

Free Cybersecurity Webinar

Where in the World is your Data?  Presented by NPC

 

 

 

 

 

 

 

 

The IIAC is working with members and industry experts to develop various tools and resources to assist Member firms with their cybersecurity preparedness, and to highlight some existing helpful sources of information. To this end, IIAC members are invited to register for a complimentary webinar hosted by NPC on February 12, 2015 titled “Where in the world is your data? Data protection in the age of device-independence and the Cloud.”

For details and registration, click here.

This webinar … Continue reading

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The Activist Investor Scorecard

The Activist Investor Scorecard

With thanks to The New York Times, here’s an activist investor scorecard for some of the most well-known in the industry (at least in the U.S.).

According to the scorecard’s creators, William Alden, Michael J. de la Merced and Jennifer Daniel:

The activist investors of Wall Street — who often buy stakes in companies and lobby for change — are an increasingly powerful force. Sometimes these investors achieve nearly all their goals, like shaking up a board, and sometimes they earn huge profits. Other times, they achieve their goals and still suffer losses — or they fall short of their … Continue reading

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Market Returns by Nation

Market Returns by Nation

Novel Investor has developed this impressive infographic which provides an at-a-glance look at changes in market trends across the top 12 international stock markets in the MSCI EAFE over the past 15 years.  (The U.S. is conspicuously absent presumably because it was developed for an American audience.) As of December 31, 2014, with an average annual return of 7.75%, Canada sits in second place behind Australia at 10.04%.

The “best” vs. “worst” returns underscore what a wild ride it’s been.

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This Week in Financial History

This Week in Financial History

For the week of January 19th

January 19, 1982

Statistics Canada announces 1981 inflation rate of 12.5%; a 33-year high.

January 20, 1870

Woodhull, Claflin, & Co. run by Victoria Woodhull and Tennessee Claflin becomes the first brokerage firm run exclusively by women.

January 22, 1968

In an emergency move, the New York Stock Exchange closes 90 minutes early, at 2 p.m. The early close, reports The Wall Street Journal, is meant to help inundated trading clerks catch up on a “deluge of paper work that has resulted from a recent sustained period of unusually heavy trading.” The … Continue reading

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Industry Rankings According to the Guru Strategy

Industry Rankings According to the Guru Strategy

Using John P. Reese’s Guru Strategy, Validea.com has ranked the U.S. industries with the largest number of stocks.  The guru strategy is based on “investing models that rank dozens of industries using a wide range of financial and fundamental data. The rankings include a value index, a growth index, and an overall index that takes both growth and value factors into account”.  They are:

 

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S&P 500: The Week that Was

S&P 500: The Week that Was

Issued yesterday, here’s a snapshot of the week that was on the S&P 500, courtesy of Doug Short.

 

 

 

 

 

 

 

 

 

 

In addition, he provides some informative and interesting snapshots:

50-day volume comparisons

 

 

 

 

 

 

 

 

 

 

 

A perspective on drawdowns

 

 

 

 

 

 

 

 

 

 

 

 

Daily closes starting with the all-time high prior to 2007

 

 

 

 

 

 

 

 

 

 

 

 

Current market … Continue reading

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