Personal Finance and Investing

Anticipates Best Summer Ever

UNWTO Secretary-general, Mr. Taleb Rifai, met with the Croatian Prime Minister, Ms. Jadranka Kosor, and the Minister of Tourism, Mr. Damir Bajs, to discuss tourism development in the country during a visit to Croatia (August 20-21, 2010). The Prime Minister expressed her full support for the tourism sector, underlining its crucial role in economic growth and development.

Meeting with the Prime Minister, Mr. Rifai praised the resilience of the country’s tourism sector after the recent economic turbulence. T

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I am borrowing the phrase from Betty White’s upcoming book for a reason. Is anyone watching the news? Reading the paper or internet news?

Maybe you don’t need to… perhaps you are already experiencing the ills that our great country is facing.

Is it really about a democratic or republican’s individual parties view and opinion? Could it possibly be collective, yet poor choices of decisions from both parties? Is either one perfect? Obviously not, or we would not be in this frightening mess that so many hardworking Americans are now facing.

Maybe it is the human ego that is getting in the way. Why we

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As promised, here’s the lowdown on how our external private equity investments are doing at the CPP Investment Board (see prior post “CPPIB U.S.A. general partner Q1 2010 performance numbers” Aug 19-10).

The overview (December quarter in brackets, in current currency exchange rates):

Paid in Capital: $16.333 billion ($16.649B)
Reported Value: $11.498 billion ($11.419B)
Distributions Received: $7.410 billion ($7.353B)
Reported Value plus Distributions: $18.905 billion ($18.772B)
Capital Calls still to fund: $12.776 billion ($13.042B)
Total Committed: $29.108 billion ($29.691B)

That looks to be a 16% increase in the net asset value of CPPIB’s PE investments over the life of the program. But the

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I am a financial expert. People turn to me for advice. But I will be the first to tell you I certainly have no way of knowing what’s next in terms of where the market is headed in the near future.

And I want to remind you to avoid anyone who says or thinks they do. Everybody’s got an opinion. Everybody can back it up with all kinds of research. But at the end of the day, remember that if somebody really knew what the heck was going on, we’d all be lined up outside their door!

And we all know that just doesn’t exist. So we’ll continue to follow our buy and sell system, which is as unemotional as possible. And we’re

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