Category Archives: Main Page

Mean reversion unveils the truth about asset prices and bubble behaviour

In my neighbourhood, 1 hour north of Toronto, several homes in the 1m+ price range have been for sale for over a year with no takers, even though asking prices have been reduced by more than 30% to date. Affordability … Continue reading

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US Tax expert on how billionaires avoid taxes

Important insight into the nitty-gritty of why and how America’s tax code is broken. Ray Madoff (The Second Estate, Immortality and the Law, Practical Guide to Estate Planning) is a Boston College law professor, author, and tax-policy expert. Ray joins … Continue reading

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The Ugly Truth About Debt

Our August month-end client letter explores the history and compounding ramifications of various deficits and debt levels across countries. ‘Easy money’ most often turns out to be a curse. US public debt just crossed $40 trillion, but the country is … Continue reading

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