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MoneySense Top 200
 2013: This Year's Picks
 2012: Up 13.4%
 2011: Down 4.2%
 2010: Up 19.7%
 2009: Up 41.0%
 2008: Down 32.9%
 2007: Up 16.2%
 2006: Up 37.6%
 2005: Up 57.6%

Defensive Graham Stocks
 2013: This Year's Picks
 2012: Up 26.6%
 2011: Up 4.1%
 2010: Up 2.3%
 2009: Up 2.2%
 2008: Down 6.5%
 2007: Up 34.4%
 2006: Down 3.8%
 2005: Up 46.6%
 2004: Up 32.2%
 2003: Up 56.8%
 2002: Up 28.2%
 2001: Up 20.2%

Stingy Stocks
2013: This Year's Picks
2012: Up 10.9%
2011: Down 16.1%
2010: Up 69.4%
2009: Up 64.5%
2008: Down 40.1%
2007: Down 5.5%
2006: Up 28.9%
2005: Up 29.2%
2004: Up 29.8%
2003: Up 33.8%
2002: Down 1.9%

Peter Lynch
"Thousands of experts study overbought indicators, oversold indicators, head-and-shoulder patterns, put-call ratios, the Fed's policy on money supply, foreign investment, the movement of the constellations through the heavens, and the moss on oak trees, and they can't predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack."
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Books By Friends
  Findependence Day by Jonathan Chevreau

The Uncommon Investor III by Benj Gallander

Norm's Recent Reading
  There's Always Something to Do by Christopher Risso-Gill

The Rational Optimist by Matt Ridley

Quantitative Strategies by Richard Tortoriello

Ubiquity by Mark Buchanan

A Splendid Exchange by William J. Bernstein

Good Books
  Security Analysis by Benjamin Graham

The Intelligent Investor by Benjamin Graham

Buffett by Roger Lowenstein

Contrarian Investment Strategies by David Dreman

Value Investing by Martin J. Whitman

What Works on Wall Street by James P. O'Shaughnessy

There's Always Something to Do by Christopher Risso-Gill

The Art of Short Selling by Kathryn Staley

Beyond Greed and Fear by Hersh Shefrin

Common Stocks and Uncommon Profits by Philip A. Fisher

Relative Dividend Yield by Anthony E. Spare

Financial Shenanigans by Howard M. Schilit

Against the Gods by Peter L. Bernstein

Damn Right! by Janet Lowe

A Random Walk Down Wall Street by Burton G. Malkiel

The Davis Dynasty by John Rothchild

Behavioural Investing by James Montier

Value Investing by James Montier

Critical Mass
by Philip Ball

The Black Swan by Nassim Nicholas Taleb

Expert Political Judgment by Philip E. Tetlock

A Splendid Exchange by William J. Bernstein




New Stingy Headlines

 05/19   How predictive is the Fed model?Markets 
 05/19   The toilet paper revolutionWorld 
 05/19   How Benjamin Graham revolutionized activismGraham 
 05/19   Is saving for suckers?Stingy Investing 
 05/19   Making money out of junkSchloss 
 05/12   The active passive investorIndexing 
 05/12   The hidden DB in DC plansRetirement 


Most Recent Stingy News

How predictive is the Fed model?
05/19/13 12:01 PM EST PermlinkMarkets
"Are stocks cheap on the basis of the Fed model? It seems so. Should we care? No."
More Markets: Stock buybacks beat the market
What risk premium?

The toilet paper revolution
05/19/13 11:49 AM EST PermlinkWorld
One of the most hilarious things I've read recently ... "'The revolution will bring the country the equivalent of 50 million rolls of toilet paper,' he was quoted as saying Tuesday by state news agency AVN. 'We are going to saturate the market so that our people calm down.'" Viva la revolucion!
More World: Will Portugal be the first one out?
Why Canada can avoid banking crises

How Benjamin Graham revolutionized activism
05/19/13 11:40 AM EST PermlinkGraham
"Like much of Graham's investment wisdom, his writings regarding shareholder activism remain relevant in our time. They are especially pertinent, given recent high-profile disputes between activist shareholders and well-known public companies."
More Graham: Legacy of Benjamin Graham
Examining Benjamin Graham's record

Is saving for suckers?
05/19/13 11:39 AM EST PermlinkStingy Investing
"From time to time, opting for a touch of spendthrift indolence might be the right move"
More Stingy Investing: Buffett and the long view
You cheeky monkey

Making money out of junk
05/19/13 11:36 AM EST PermlinkSchloss
A 1973 interview with Walter Schloss
More Schloss: Walter Schloss 2008 talk
65 years on Wall Street

The active passive investor
05/12/13 7:25 PM EST PermlinkIndexing
"Today, the more affluent investor's default strategy is - increasingly - indexing, inspired by the likes of John Bogle, Charles Ellis and William Sharpe. But I have often found that indexing advocates implement strategies that are quite a departure from the underlying theory they use to support their choices."
More Indexing: Vanguard total int'l bond fund
Why do Value Investors like Indexing?

The hidden DB in DC plans
05/12/13 7:23 PM EST PermlinkRetirement
"The greatest attraction of a DB pension plan is the appearance of certainty in the levels of retirement income it promises to its members, which contrasts with the uncertainty of retirement income levels that a DC pension plan can provide to its members. Readers may be interested to discover, though, that their DC pension plan (or other retirement savings plan such as a group RRSP or deferred profit sharing plan) may have a minimum level of DB hidden within it; in fact, it.s highly likely to be the case for any Canadian DC arrangement."
More Retirement: Meet the man who retired at 30
The retirement gamble

IRS: not good at math
05/11/13 11:28 AM EST PermlinkTaxes
"About a half-hour into a conference call with reporters Friday afternoon, senior Internal Revenue Service official Lois Lerner said something she will regret. 'I'm not good at math,' she confessed as she tried to summon a statistic."
More Taxes: Gérard Depardieu, the heroic exile
Income malaise complicates tax talks

Doubt yourself
05/05/13 12:38 PM EST PermlinkBuffett
"There was no big news at Berkshire Hathaway Inc..s annual meeting this past weekend, but there was one great lesson for investors: Perhaps the most important thing you can do when everything seems to be going right in your portfolio is to listen to somebody who insists you are wrong."
More Buffett: Investors earn handsome paychecks
Berkshire Hathaway meeting notes

Investors earn handsome paychecks
05/05/13 8:07 PM EST PermlinkBuffett
"Warren Buffett's decision to hire two investment lieutenants is paying off for Berkshire Hathaway, and it's paying off for the two younger money managers, too."
More Buffett: Berkshire Hathaway meeting notes
Buffett's annual letter

Stock buybacks beat the market
05/05/13 2:34 PM EST PermlinkMarkets
"Still, numerous studies over periods extending back more than three decades have found that the average buyback stock proceeds to outperform the market."
More Markets: What risk premium?
Most large acquisitions are errors

Vanguard total int'l bond fund
05/05/13 2:11 PM EST PermlinkIndexing
"The latest filing provides additional details on the fund that.s designed to track the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (dollar hedged), and will tap into a universe of 7,000 high-quality corporate and government bonds from 52 countries."
More Indexing: Why do Value Investors like Indexing?
When cheap funds cost too much

Fairfax meeting slides
05/05/13 2:07 PM EST PermlinkWatsa
A few of their reasons for hedging...
More Watsa: Watsa no stranger to value
Fairfax contrarian cashes in mightily

Berkshire Hathaway meeting notes
05/05/13 2:03 PM EST PermlinkBuffett
"MoneyBeat was live in Omaha's CenturyLink Center where more than 35,000 Buffett lovers crowded for some six hours while Buffett and sidekick Charlie Munger's dished out investment wisdom and wit. Read our recap"
More Buffett: Buffett's annual letter
A compilation of Buffett articles

Colorful Charlie Munger
05/05/13 1:58 PM EST PermlinkMunger
"One of Munger's biggest zingers today had him saying the European Union's decision to allow Greece to join was as stupid as someone using rat poison as whipping cream."
More Munger: The Psychology of Human Misjudgement
Berkshire's Charlie Munger speaks

Buffett and the long view
05/05/13 1:57 PM EST PermlinkStingy Investing
"As Warren Buffett takes the stage this weekend, it's time to ask if his flagship company is still worth investing in."
More Stingy Investing: You cheeky monkey
Prem Watsa counsels cash

The underground recovery
04/27/13 10:10 PM EST PermlinkEconomy
"Ordinary Americans have gone underground, and, as the recovery continues to limp along, they seem to be doing it more and more."
More Economy: Deposit insurance may increase bank risk
Financial stress index back down

Meet the man who retired at 30
04/27/13 10:08 PM EST PermlinkRetirement
"But I didn't start saving and investing particularly early, I just maintained this desire not to waste anything. So I got through my engineering degree debt-free - by working a lot and not owning a car - and worked pretty hard early on to move up a bit in the career, relocating from Canada to the United States, attracted by the higher salaries and lower cost of living. Then my future wife and I moved in together and DIY-renovated a junky house into a nice one, kept old cars while our friends drove fancy ones, biked to work instead of driving, cooked at home and went out to restaurants less, and it all just added up to saving more than half of what we earned. We invested this surplus as we went, never inflating our already-luxurious lives, and eventually the passive income from stock dividends and a rental house was more than enough to pay for our needs"
More Retirement: The retirement gamble
Retirement is cheaper than you think

The retirement gamble
04/27/13 8:12 PM EST PermlinkRetirement
"Retirement is big business in America, but is the system costing workers and retirees more than what they're getting in return?"
More Retirement: Retirement is cheaper than you think
Small towns can offer big savings

You cheeky monkey
04/25/13 7:46 PM EST PermlinkStingy Investing
"Some index investors have suggested that expensive portfolio managers could easily be replaced by monkeys willing to work for bananas. Now a recent study goes even further. It suggests that a chimp can outperform not just the typical money manager but the traditional index fund as well."
More Stingy Investing: Prem Watsa counsels cash
Cisco provides a lesson in patience

Prem Watsa counsels cash
04/20/13 11:22 PM EST PermlinkStingy Investing
"Investors are often advised to buy low and sell high. But such advice has an under-appreciated corollary: They also have to be prepared to weather the bad times. All too many people crumble in the face of adversity and simply don't have any money left to buy when prices are low."
More Stingy Investing: Cisco provides a lesson in patience
Jolt from the blue

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Stingy Investing

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Markets

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World

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Buffett

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Investors earn handsome paychecks
Berkshire Hathaway meeting notes
Colorful Charlie Munger
Buffett and the long view
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Indexing

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You cheeky monkey
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Stocks

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Thrift

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