Friday, April 20, 2012

Short Takes: Buffett’s Cancer, Money Psychology, and more

Warren Buffett announced that he has stage 1 prostate cancer. Even though this is not life threatening, it is likely to spark more debate about his replacement at Berkshire.

Where Does All My Money Go? says that successful investing is more about psychology than math. I’d say that it’s about having the right psychology to allow yourself to follow the math. I agree that many who are strong at math still do stupid things with their money.

Big Cajun Man had some fun with a financial fill-in-the-blanks. My contribution: “Stupid people and their money are … not sitting at my poker table often enough.”

Canadian Capitalist says that now may not be a good time to own too much real estate. The long bull market in Canadian real estate all but guarantees that greed will drive many people to ignore this advice.

The Blunt Bean Counter writes a top-ten list of pet peeves about personal income tax season.

Retire Happy Blog gives an example of how to use a trust to save taxes.

Million Dollar Journey offers a primer on rental lease agreements.

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