The Investment Management Business Is Really Quite Simple

Via: WhereDoesAllMyMoneyGo.com: The Investment Management Business Is Really Quite Simple

If you don’t know who David Swensen is, you may want to read a bit about him here. In a nutshell, he took over Yale’s endowment fund and is credited with revolutionizing the endowment investing model for all his peers. Regardless of whether you agree with The Yale Model of investing, he guest lectured one session for Professor Robert Shiller’s course on Financial Markets (ECON252) at Yale University and it is chock-full of interesting information.

David Swensen est l’auteur du tres bon livre Unconventional Success: A Fundamental Approach to Personal Investment (2005). Pour avoir lu le livre, la conference donne un tres bon resume. La seule raison de vouloir lire le livre (que vous pouvez m’emprunter si vous le desirez) est d’avoir plus de chiffres sur l’industrie de la planification financiere. J’avais en fait trouve le livre un peu redondant, mais quand meme tres instructif.

What’s Really Driving House Prices In Canada? The Must-See Graph Of The Day…

Guest Post: What’s Really Driving House Prices In Canada? The Must-See Graph Of The Day…

But if we boiled them all down into one word, it would be this: DEBT! And the pace of debt accumulation is not sustainable… ergo, the pace of house price appreciation is not sustainable. Nor are house prices at current levels relative to underlying fundamentals.

Will Vanguard start the mutual fund price war?

Via: retirehappyblog.ca: Will Vanguard start the mutual fund price war?

C’est une excellente nouvelle pour nous, pauvres petits canadiens qui payont des frais completement demesures pour nos fonds mutuels.

J’ai achete des ETF (exchange trading funds) de Vangard, mais je dois les acheter sur une bourse americaine. D’avoir ces fonds au Canada permettrait de diminuer davantage les frais et surtout de permettre un acces plus facile a ces produits qui coutent 30 fois moins cher que certains produits concurrents!!!!!!

Il semble qu’initialement Vanguard offrira les produits par l’entremise de conseillers. On risque donc malheureusement d’avoir des frais plus eleves qu’aux Etats-Unis et de se les faire offrir moins si les commissions ne sont pas assez genereuses pour le vendeur… heu… conseiller.

On est pas les seuls jambons

informationweek.com: Social Security Data Center Approaching Collapse

Via: slashdot.org: Social Security Information Systems Near Collapse

J’aurais pu ecrire qu’on etait aussi jambon que les autres, mais il me semble que notre perception est qu’au Quebec et/ou Canada, les couts de developpements informatiques sont astronomiques, pour ne pas dire ridicules/insenses/criminels/demoralisants/etc.

Mais on peut se consoler en regardant ailleurs, a defaut de se prendre en main et de regler les problemes! Bonne nouvelle, non? 😉

One of the biggest problems is the agency’s transition to a new data center, according to the report. The IG has characterized the replacement of the SSA’s National Computer Center (NCC) — built in 1979 — as the SSA’s “primary IT investment” in the next few years.

The agency has received more than $500 million so far to replace the outdated center, which is now so severely strained by an expanded workload over its time of operation that it may not be able to function by 2012, according to the report.

Mais bon, avec notre registre des armes a feu de 2G$, et le fait qu’on est 10 fois moins, ils ont encore des croutes a manger ces americains pour nous battre!

P.S. Mon estimation est que mon ordi a la maison pourrait gerer le registre des armes a feu sans probleme, mais aller dire ca aux compagnies qui ont empoche les 2G$….

A New Year’s Resolution for the Rich

The Huffington Post: Sam Harris: A New Year’s Resolution for the Rich

Une excellente lecture suggeree par Mr. Tibirna: Numbers and common sense.

Un fait interessant que j’ignorais:

It is worth noting, however, that throughout the 1950’s–a decade for which American conservatives pretend to feel a harrowing sense of nostalgia–the marginal tax rate for the wealthy was over 90 percent. In fact, prior to the 1980’s it never dipped below 70 percent. Since 1982, however, it has come down by half.