Warren Buffet saves the day for a Canadian mortgage lender

In reference to Warren E. Buffet Comes to the Aid of a Big Canadian Mortgage Lender by Michael J. de la Merced on June 22, 2017 in the New York Times.

Warren Buffet, a man commonly referred to as one of the world’s most successful investors but how did he get this title? Quick and decisive decision making. He goes in while the confidence is low in a company and desperate for money. He then invests in the company to keep them afloat but with a very steep cost.

A Canadian mortgage lender, Home Capital Group, has hit rough times. They are one of the top lenders in Canada for borrowers with poor credit history and who are self-employed. This company was consistently making high yield loans attracting numerous investors. However, rumors almost closed the company.  Ontario Securities Commission accused the executives that they were withholding information from investors because apparently there was an inquiry about fraudulent information in the loans.

This sent investors running and shares in the company dropped a significant 33 percent. As money was flying …

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Bill Gates and Warren Buffet: Were business schools to blame for the meltdown?

This is (to my warped mind), one of the most beautiful things to witness, world class leaders in their respective fields talking to the young leaders of tomorrow on matters of life, ethics, success and what it takes. There is simply no alternative for being around great people, it should be part of any university syllabus to have a mentor, I have spoken about this several times in the past and believe it now as I did then. If there are any of you in education I hope that you find ways to expose your students to inspirational characters.

Full transcript available here.

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Pete Peterson formerly of Blackstone, CFR, Lehman and Secretary of Commerce

Pete Peterson is a fascinating individual, he came from humble beginnings and went on to work at executive levels in some of the most well known finance houses in the world. He mentions some of the deficit fears that have been laid out in this blog many times in the past and the inflationary risk that comes with it, Peterson is in agreement with Volcker that there is a serious dollar risk forming.

Peterson is also a human, he is one of the few Wall St. legends to come out and admit that he needed psychotherapy in the past, this interview is absolutely worth watching and learning from.

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