You Don't Know What You Don't Know - Part 1 of 2

I have put this post together in the hope that people will at least listen to the ideas presented here by very learned, respected, and well-known individuals who really understand what is going on in the world around us.

All the "You Don't Know What You Don't Know" videos listed below can be more easily found at this YouTube Playlist (click to open)

My hope is that this will be seen as the logical sequel to the movie, Inside Job, by Charles Ferguson, which can be viewed here.

The blog entry/post below (You Don't Know What You Don't Know, Part 2)includes all the emails I have sent, and received from the likes of Mark Carney (Governor of the Bank of Canada), Minister of Finance, Jim Flaherty, and the CEO's of Vancity, Coast Capital, Envision, and Prospera Credit Union.

You Don't Know What You Don't Know - Part 1 - Must see interviews: PIMCO's Bill Gross, Nouriel Roubini (an economist who saw the financial crisis coming in 2007), and George Magnus of UBS Investment Bank.

You Don't Know What You Don't Know - Part 2 - Why the economics of 1982 to 2007 no longer apply.

You Don't Know What You Don't Know - Part 3 - Why economics of 1982 to 2007 no longer apply, continued.

You Don't Know What You Don't Know - Part 4 - Alan Greenspan - "No need to regulate fraud."

You Don't Know What You Don't Know - Part 5 - How the U.S. pulled off the greatest fraud in history.

You Don't Know What You Don't Know - Part 6 - Peak Credit and The Housing Bubble - Implications.

You Don't Know What You Don't Know - Part 7 - U.S. Political Duopoly and The Housing Bubble Explained.

You Don't Know What You Don't Know - Part 8 - A must-watch inspiring speech on humanity's potential - and my outlook on life.

You Don't Know What You Don't Know - Part 9 - US Middle East policy explained.

You Don't Know What You Don't Know - Part 10 - Obama - a Progressive with a plan - so, don't worry.

You Don't Know What You Don't Know - Part 11 - Ask your financial advisor if this is true.

You Don't Know What You Don't Know - Part 12 - - Questions I asked Coast Capital and Vancity CEO's.


Coast Capital, Vancity, Prospera, and Envision called on the carpet (and sadly disappoint) - 1 of 2 - This is a MUST SEE. I apologize that original footage from the Coast Capital AGM could not be used. Please do not underestimate the seriousness of this video just because the "re-enactment" isn't as powerful as the original AGM video footage. There really wasn't anything else I could do.
Original video I posted on YouTube included video footage from Coast Capital AGM, which
Coast Capital's lawyer has ordered me to immediately cease and desist from reporting.
(They also demanded that YouTube remove the original video from their website.)

Coast Capital, Vancity, Prospera, and Envsion called on the carpet (and sadly disappoint) Part 2 of 2

Credit Unions (Coast Capital, Vancity, Prospera, and Envision) fail their members, and the community at large - Part 1 of 2 - They could have done so much good!
(This is the original video taken down by YouTube at Coast Capital's request)

Credit Unions (Coast Capital, Vancity, Prospera, and Envision) fail their members, and the community at large - Part 2 of 2 - They could have done so much good!
(This is the original video taken down by YouTube at Coast Capital's request)

What Armageddon Could Look Like - Jim Cramer

John Maynard Keynes - The General Theory of Employment, Interest and Money - Chapter 24 - Concluding Notes on the Social Philosophy towards which the General Theory might Lead

Renounce Patriotism - A must-see video on the type of patriotism that is destructive instead of constructive.

"Books serve to show a man that those original thoughts of his aren't very new after all." - Abraham Lincoln

The content on this site is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author.

You Don't Know What You Don't Know - Part 2 of 2

Below are emails I have exchanged with the CEO's of Coast Capital, Vancity, Prospera, and Envision. Also included are emails exchanged with Helmut Pastrick, chief economist of Credit Union Central of B.C., and Mark Carney, the Governor of the Bank of Canada:

(Click on them to get a more readable copy. If you still cannot read it, increase the zoom on your computer, or print out the picture.)

Another link I hope you will find informative.

Have You Herd? Your Adviser Is Scared to Set You Straight - Wall Street Journal

...instead of holding your hand, some advisers might prefer to pull you by the hand in the direction you are already headed.

In 2008, researchers led by Antoinette Schoar, an economist at the Massachusetts Institute of Technology, trained two dozen mystery shoppers in the basics of investing. Masquerading as potential clients, the shoppers had initial meetings with nearly 300 financial advisers in the Boston area.

Each "client" showed up with a portfolio and a preferred investing strategy. About a third pretended to like chasing hot returns.

"Instead of undoing or leaning against that bias," says Prof. Schoar, "advisers were actually very supportive of chasing past returns." The more a prospective client had pursued hot performance, says Prof. Schoar, the less likely the average adviser was to suggest a different approach.

"Chasing past returns is kind of a nice bias from an adviser's point of view," she adds. "It generates more fees"—especially for advisers who earn commissions each time they sell stocks or mutual funds.

One danger is that if you voice a strong opinion, your adviser might not give you a second opinion. He might merely echo your own, making you think he is smart because he agrees with you—and clearing the path of least resistance to his next commission. Sometimes, acting like a sheep just pays better.

Sukh's Thoughts: And by letting you chase past returns, not only does the advisor "earn" his or her commission by just doing whatever makes you happy, but when these "investments" disappoint, they get to tell you that you only have yourself to blame, because this is what you wanted to do.

Please take the time to go through all the entries I have posted on this blog. I think investors need to know this information as we go forward into an era where buy-and-hold will only be profitable for those that sell you the mutual funds, and those that manage the mutual funds. Those that actually invest in them, well, they're likely, over time, to become very disappointed with their investments, and unfortunately will most likely sell at the exact wrong time (only when they have lost complete confidence in the "advice" they get from the person that sold them these mutual fund "investments").

The content on this site is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author.