Charlie Munger’s Secret Investing Formula

Charlie Munger's Secret Investing FormulaOne of the questions asked at the 2015 Berkshire Hathaway Annual Meeting was in regards to what the secret investing formula Warren Buffett and Charlie Munger utilized to achieve such tremendous success over their careers. If you read that giant write up on our road trip to Omaha for the annual meeting, you would know that the answer that was given by Charlie Munger was that there was no specific formula. However, I was recently perusing Poor Charlie’s Almanack and Munger actually provided a specific formula! It’s such a no brainer. I really think Charlie outdid himself with this tremendous formula. Take a look. It will change your life.

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Figuring Out Tax on US Dividends in Canada

tax on US dividends in CanadaA discussion on tax efficiency in the comments section over at Freedom 35’s blog (yes, riveting stuff) has spilled over here: where, oh where, to put US dividend paying stocks for Canadians? The obvious insta-blurt-out-without-thinking answer is in the RRSP. But is it the best place? You get the benefits of no foreign withholding taxes and contributions are deductible from taxable income. It’s probably the best choice in a “between a rock and a hard place” scenario, but it’ll depend on your specific circumstance. Let’s consult the tax efficiency matrix.

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Differentiating Between Confidence and What You Actually Know

Screen Shot 2015-05-20 at 9.43.11 PM“Investor Know Thyself” is an ironclad maxim that is so simple but elusively deceptive. While integrally important in investing, it is even more so in life. Wisdom springs from knowing yourself. I was recently perusing the musings of Inner Scorecard (I’d highly recommend you go check out his stuff) and he wrote about confidence. What was really intriguing was the test he linked to. It was a simple true and false test but with a twist: every question you would ascribe a confidence level to your answers. The results were fascinating. And it has real implications in your life. It will give you a glimpse about how your brain is wired and if your confidence matches up with your actual knowledge.

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The Berkshire Hathaway Roadtrip Edition

IMG_1591Howdy. It’s been awhile. I can’t believe it’s been almost 3 weeks since I posted last (on that long hiatus post). I apologize for not posting some stuff along the road trip like I said – we were having too much fun and I was watching too much cable tv. Listen: we don’t have cable or any tv at home and I love getting my cable tv binge when we are on vacation. I must have watched at least 20 episodes of Naked and Afraid and at least 2 million episodes of Forensic Files. Yes, I did that rather than updating you along our travel. Deal with it.

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It’s Been Awhile: Annual Reports, Starcraft II, Playoff Hockey, and Berkshire Hathaway

IMG_1033I must apologize for having been absolutely MIA for the last month. My attention from blogging was pulled away by a plethora of other interests. Namely, reading, video games, the great outdoors, and hockey. I just had no energy left to focus on writing much with all this going on. We’re leaving on our great American road trip tomorrow, with the Berkshire Hathaway Annual Meeting as the end destination. Come check out what’s been going on lately.

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