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Monthly Archives: June 2015
Memo to finance: first, do no harm
Primum non nocere is a Latin phrase that means “first, do no harm.” Its derivative is ‘non-maleficence’, which is a fundamental precept of bioethics that all healthcare students are taught in schools around the world. It reminds the health care … Continue reading
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Garbage in, garbage out financial ‘advice’ costing everyone
Good article in the Globe on Saturday critiquing the much hyped “Count me in, Canada” National Strategy for Financial Literacy unveiled by Canada’s federal government last week. See: To bridge the knowledge gap, financial literacy is a two-way street. Financial … Continue reading
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Overvalued assets exact long-term costs
The trouble with extremely over-valued assets, is that their valuations typically mean revert either through many years of stagnation or a period of abrupt losses. Either way, it can take a decade or more before valuations recover their prior cycle … Continue reading
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