John C. Bogle, founder of the Vanguard Group of Investment Cos., died on Wednesday.AP Photo/Mark Lennihan, File John C. Bogle, who died on Wednesday, is widely seen as having changed how ordinary people invest their money. His firm, the Vanguard Group of Investment Cos., which grew to have US$4.9 trillion under management, was built on…
Stock
Business & Finance
Wealthy on paper, couple with $2.9 million in assets needs to sell a property to finance retirement
Situation: Couple has two houses, modest financial assets and no company pensions Solution: Sell city house, pay debts, buy condo until wife’s retirement, move to the cottage A couple we’ll call Fred and Felicity, both 60, live in British Columbia. Fred retired a few years ago from a job in publishing. Felicity does seasonal administrative…
Funds
Milton Friedman is right, profit is a company’s only purpose
In his inimitable way, and with a Canadian union twist, Jerry Dias is on a mini-crusade to overturn the foundations of modern corporate capitalism. As the president of Unifor ratchets up his actions against General Motors Co. over its plan to close the automaker’s Oshawa, Ont., assembly plant, he is deploying some of the ideas from…
Bonds
Why Bitcoin may be worth another look now that the bubble’s burst and its price has settled down
Bitcoin is open source software and is more akin to the internet, so it’s a mistake to compare it to a company or a stock.Lucy Nicholson/Reuters files By Arthur Salzer One of my first brushes with Bitcoin was in May 2017 and I had just finished a TV interview at the SALT Conference (the world’s…
Commodities
Five things you should know before you start your work day on Jan. 24
The star attraction of Campobello Island is Roosevelt Campobello International Park, 1,134-hectares centred around the family cottage of former president Franklin Delano Roosevelt and his wife, Eleanor.Kevin Bissett/The Canadian Press Good morning! To go with your morning Tim’s, we’ve got a story today on its new top management team and solid results; we’ve got stock…
Currencies
Innovation Nation: What Canada’s cutting-edge health tech startups need to get to the next level
Jeff Ruby, founder and CEO of Newtopia.Photo by Peter J. Thompson/National Post. National Post photo illustration. Mark Taylor has a front-row seat to the development and launch of some of Canada’s greatest health-tech innovations as the leader of the licensing and commercialization team at Toronto’s University Health Network (UHN), one of the largest health-care and…