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My dad sent me an article from Canoe Financial over the weekend that included the chart below. What it shows is that corporate equities and mutual fund shares now make up a greater percentage of household wealth in the US than residential real estate for only the second time since 1990.
From a macro perspective, and when you consider the popularity of index funds, this...
I'm writing this post from the concourse level of Place Ville Marie Esplanade in Montréal (also known as Galerie PVM) while I wait for my next meeting. Like the PATH in Toronto, the space I'm in is part of an underground network of restaura...
Yesterday morning, I took the train from Toronto to Montréal. I'm here for one night for a few meetings. I love trains. You can show up right before departure, the seats are more spacious, and they go downtown to downtown. Plus, there's something romantic to me about whizzing through the landscape. But currently, this trip takes just over 5 hours once you factor in the above ...
Dave Leblanc ("The Architourist") just published this article ...
Prediction markets have become a big deal, presumably because a lot of people like betting. But functionally and economically, prediction markets are also supposed to be about information discovery. If you get enough people researching, analyzing, and thinking about something, eventually the "wisdom of the crowds" should prevail and something resembling the truth should, in t...
