September 6, 2015

The software that controls the logins and passwords has been mostly restored and the need to login with a password should be restored very soon. I apologise for the confusion that this has created. For now, you are able to access the material here without logging in.

Friday’s markets had the S&P 500 down 1.5% and Toronto down 0.5%.

I will update the Canadian Western Bank report in the next few days. It is exasperating to see people part with their shares for prices around $22. Investors who merely follow stock prices and not earnings may tend to sell as prices decline. That is certainly not my game and never will be. If a stock looks like good or excellent value I will be tending to buy and not sell. While anything is possible in the economy, I see no reason to lose faith in Canadian Western Bank.