Friday, March 2, 2018

Short Takes: Buffett’s Bet, Closet Indexers, and more

Here are my posts for the past two weeks:

Foreign Withholding Taxes on New Vanguard ETFs

Measuring Returns in Different Currencies. I’m guessing this article bounced off most people, including any investment professionals who read it. The way we measure relative returns between countries if often wrong.

Here are some short takes and some weekend reading:

Ahmed Kabil has an interesting article on Warren Buffett’s bet against hedge funds as well as other types of long-duration bets.

Tom Bradley predicts a lean future for closet indexers, a term referring to mutual funds that charge fees as though they invest actively but are actually very close to being index funds. In Canada, such funds collectively hold hundreds of billions of dollars.

Ellen Roseman explains how vendors can get your new credit card information when you get an updated card.

Tom Spears goes through the things CRA auditors look for as red flags.

Robb Engen at Boomer and Echo wrote an interesting “annual letter to householders” modeled after Warren Buffett’s letter to shareholders.

The Blunt Bean Counter explains that there are only a few weeks left to set up a precribed rate loan to a family member at 1%/year.

Big Cajun Man has a thought that should be scary to some: “all debts must be paid.”


  1. I think I stole that line from a Stephen King novel, but it is true in life. All debts must be paid.

  2. Yes Buffett won the bet, but the hedge funds collected fees for ten long years...makes me wonder who the winner really was...

    1. @Garth: Good point. It's clear that the losers in this case are the hedge fund investors.