On-beyond-Investing went to top of the Canadian Housing Market, so you didn’t have to (link)
There are, apparently, two very important things to know when dealing with real estate. First, you have to face your fear; this fear is to be ignored and then you should ‘just do it’ and ‘buy now’. The next step is find what you can afford and then buy it. Ignore all ‘non-doers’, don’t overanalyze or focus on the numbers, just fucking buy.
The fact that the biggest condo developer in Canada said lenders will bend (but not break, apparently) rules to get you financing in front of 15k people with most people smiling and nodding was shocking.
Wall Street Has Found Its Next Big Short in U.S. Credit Market by Bloomberg (link)
Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall.
It’s no secret many mall complexes have been struggling for years as Americans do more of their shopping online.
Putting all your eggs in one Basket? “Ackman Sells Valeant Stake After at Least $2.8 Billion Loss” by Bloomberg (link)
Charlie Mungers DJCO Handout 1/2 (link)
Charlie Mungers DJCO Handout 2/2 (link)
How Eminem Built His Net Worth: Four Lessons by theconservativeincomeinvestor (link)
Charlie Munger once compared Disney to an “oil well that can put the oil back in the ground after it is done drilling so it can drill again.”
What to expect Post-IPO from Snapchat by Factset (link)
- (the whole FactSet Insight Page is interesting (link) – I added it to my “Quality Sources” Page)
A new financial Blog with a write-up about OneMain (link)