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MoneySense Top 200
 2014: This Year's Picks
 2013: Up 55.0%
 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
 2014: This Year's Picks
 2013: Up 19.0%
 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
2014: This Year's Picks
2013: Up 37.8%
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%

Isabella Beeton
"Frugality and economy are home virtues, without which no household can prosper."
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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

 01/24   Venezuela should be richWorld 
 01/24   5 triple play stocks to considerStingy Investing 
 01/18   The Stingy News Weekly: January 18, 2015SNW 
 01/18   Buy the most despised companyValue Investing 
 01/18   Claiming a lossTaxes 
 01/18   When to retireRetirement 
 01/18   Playing big-bank pokerStingy Investing 


Most Recent Stingy News

Venezuela should be rich
01/24/15 11:07 PM ESTWorld
"The problem with socialism isn't that you eventually run out of other people's money. It's that you eventually run out of oil money. Well, at least in Venezuela."
More World: The spectre of a Grexit
Harsh debt dynamics

5 triple play stocks to consider
01/24/15 11:05 PM ESTStingy Investing
"Investors can win with dividend stocks and they do even better with value. But triple plays are possible when the two are combined and momentum is added into the mix."
More Stingy Investing: Playing big-bank poker
Super savers, spend your money

The Stingy News Weekly: January 18, 2015
01/18/15 7:37 PM ESTSNW
I'm pleased to present our free letter for the week ended January 18, 2015. This week we have when to retire, the despised, big banks, and more.
More SNW: The Stingy News Weekly: January 12, 2015
The Stingy News Weekly: January 4, 2015

Buy the most despised company
01/18/15 7:19 PM ESTValue Investing
"Between April 1983 and December 2007, the despised portfolio outperformed the admired one by more than 2 percentage points per year, on average. In addition, the professors found that increases in admiration were, on average, followed by lower returns."
More Value Investing: Pat Dorsey Lecture
Tobias Carlisle and Deep Value

Claiming a loss
01/18/15 7:13 PM ESTTaxes
"It makes sense, then, to segregate any day trading activity (sometimes considered on income account) into a separate account from your buy-and-hold securities."
More Taxes: Give to charity and get back
TFSA loophole for the rich

When to retire
01/18/15 7:11 PM ESTRetirement
"If you reach your mid-60s and feel you may not be able to afford the retirement you want, a simple solution can have a surprisingly large impact: keep working for another three years."
More Retirement: Can't stay retired
The best of Retire Rich

Playing big-bank poker
01/18/15 7:06 PM ESTStingy Investing
"Last year, I challenged readers to pick the best, and the worst, big Canadian bank to buy in 2014. With only six of them to choose from, it seemed like a simple task. But no one got it quite right."
More Stingy Investing: Super savers, spend your money
Asset Mixer Update

Dogs of The Footsie
01/18/15 7:03 PM ESTDividends
"The dogs are also well ahead over the past 13 years, growing by an average annual 16.3 per cent in total return terms, two-and-a-half times the 6.5 per cent total return figure for the index."
More Dividends: The power of share repurchases
Disbursing cash to shareholders

Pat Dorsey Lecture
01/18/15 7:01 PM ESTValue Investing
"What does it mean for a company to have a moat? What are the key drivers to valuation? Pat Dorsey will use examples to shed light on these, and more questions." [video]
More Value Investing: Tobias Carlisle and Deep Value
Patient investing

The Stingy News Weekly: January 12, 2015
01/12/15 10:51 PM ESTSNW
I'm pleased to present our free letter for the week ended January 12, 2015. This week we have Greeks, spending, anomalies, shareholder value, and more.
More SNW: The Stingy News Weekly: January 4, 2015
The Stingy News Weekly: December 28, 2014

MiB: Patrick O'Shaughnessy
01/12/15 10:47 AM ESTBooks
"O'Shaughnessy discusses that despite the difficulties of the economic environment, youth have tremendous advantages youth in terms of an investment horizon of up to half a century. This allows compounding to take place. In our conversation, we discuss active versus passive, why investors are their own worst enemies, and what they should - and should not - be doing."
More Books: The education of a value investor
Believing what you read

Shareholder value is undervalued
01/12/15 10:40 AM ESTMarkets
"Those who say maximizing shareholder value is something like 'the worst idea ever' are essentially saying markets are wildly inefficient - disastrously and obviously so - at setting prices. Now, one is free to believe this extreme hypothesis. One can believe that markets are horrifically bad no matter how much I, and the legion of evidence, may disagree. One is free to cite the handful of exceptions that actually prove the rule here (exceptional managers and exceptional times for markets) and believe market prices consistently have no toehold on reality. But one must acknowledge that the trendy denunciation of 'maximize shareholder value' is exactly this self-same extreme radical denunciation of markets themselves. If you believe maximize shareholder value is the 'worst idea ever' you aren't simply cynical about how well markets function. No, you go much further. You directly claim they are utter disasters and that you have a better way. Good luck with that. Of course, you could temper your view, perhaps rephrase as 'maximizing shareholder value is a pretty good though imperfect idea and here are a few suggestions for improvement,' but those articles are way less exciting..."
More Markets: Value and glamour returns
The value convergence

Institutional investors and stock return anomalies
01/12/15 10:38 AM ESTAcademia
"We examine institutional investor demand for stocks that are categorized as mispriced according to twelve well-known pricing anomalies. We find that institutional demand during the year prior to anomaly portfolio formation is typically on the wrong side of the anomalies' implied mispricing. That is, we find increases in institutional ownership for overvalued stocks and decreases in institutional ownership for undervalued stocks. Moreover, abnormal returns for all twelve anomalies are concentrated almost entirely in stocks with institutional demand on the wrong side. We consider several competing explanations for these puzzling results."
More Academia: Strategic news releases
Are cash flows better return predictors?

The spectre of a Grexit
01/12/15 10:37 AM ESTWorld
"Meanwhile the messages from Berlin are becoming louder: Greece should in principle stay in the euro, but Mr Tsipras's demands for a debt write-off and spending binge are unacceptable. The spectre of a Grexit, laid to rest while the Samaras government got on with its reforms, has resurfaced."
More World: Harsh debt dynamics
Canada finds oil route around Obama

Super savers, spend your money
01/12/15 10:32 AM ESTStingy Investing
"It's belt tightening time for those facing mountains of unpaid holiday bills. But MoneySense readers often suffer from the opposite problem. That is, they save too much. They're part of a merry band of frugal folk who have bulging banks accounts. Some of them even have more money than they're likely to spend in several lifetimes. The super savers should resolve to ramp up their spending."
More Stingy Investing: Asset Mixer Update
Periodic Table Update

Asset Mixer Update
01/08/15 4:05 PM ESTStingy Investing
We've updated our Asset Mixer to include nominal data for 2014.
More Stingy Investing: Periodic Table Update
Check out low-fee balanced funds

Periodic Table Update
01/08/15 4:04 PM ESTStingy Investing
We've updated our periodic table of annual returns for Canadians to include nominal data for 2014.
More Stingy Investing: Check out low-fee balanced funds
Low oil prices could chill CWB

The Stingy News Weekly: January 4, 2015
01/04/15 5:00 PM ESTSNW
I'm pleased to present our free letter for the week ended January 4, 2015. This week we have resolutions, surging, red tape, and more.
More SNW: The Stingy News Weekly: December 28, 2014
The Stingy News Weekly: December 21, 2014

The education of a value investor
01/04/15 4:52 PM ESTBooks
"Guy Spier talks about his book at Google" [video]
More Books: Believing what you read
101 Years on Wall Street

Surge
01/03/15 11:24 PM ESTEconomics
"Suppose you just don't care about distribution and you favor price-rationing of scarce goods over alternative schemes full stop. Then you should still be troubled by Uber's surges, because Uber itself is a cartel."
More Economics: An astonishing record of complete failure
The law of demand is a bummer

Red tape is strangling good samaritans
01/03/15 11:24 PM ESTGovernment
"Regulations and rules are making it harder to do the right thing."
More Government: John Oliver: The Lottery
O Beholden Canada

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