2016 NLO Book List: Part 1

Below are the books that we’ve read cover-to-cover in 2016.  The accompanying links will take you to Amazon.com if you’re interested in buying the books.  The must reads from this list are Coined by Kabir Sehgal, Isabella by Kristen Downey and The Half Has Never Been Told by Edward E. Baptist. Enjoy.

Title Author
Absolute Monarchs John Julius Norwich
America's Bank Roger Lowenstein
Antifragile Nassim Nicholas Taleb
Battling the Gods Tim Whitmarsh
Beating the Street Peter Lynch
Boomerang Micheal Lewis
Carthage Must Be Destroyed Richard Miles
Code Warriors Stephen Budiansky
Coined Kabir Sehgal
Cycle of Lies Juliet Macur
Irrationally Yours Dr. Dan Ariely
Isaac Newton James Gleick
Isabella Kristen Downey
Magna Carta Dan Jones
Master Thieves Stephen Kurkjian
Native Son Richard Wright
Our Endangered Values Jimmy Carter
Personal History Katharine Graham
Plutarch's Lives, Volume 2 Plutarch
Politics Aristotle
Sex on the Moon Ben Mezrich
Strange Gods Susan Jacoby
The 48 Laws of Power Robert Greene
The Auctioneer Simon de Pury
The Decline and Fall of the Roman Empire Vol. 1 Edward Gibbon
The Evolution of God Robert Wright
The Full Catastrophe James Angelos
The Great Beanie Baby Bubble Zac Bissonnette
The Great Cholesterol Myth Jonny Bowden
The Great Escape Paul Brickhill
The Half Has Never Been Told Edward E. Baptist
The Heart of the Buddha's Teaching Thich Nhat Hanh
The Improbability Principle David J. Hand
The Lufthansa Heist Henry Hill
The Plantagenets Dan Jones
The Tao of Warren Buffett Mary Buffett
The Tao Te Ching Lao Tsu
The Twelve Caesars Suetonius
The Warren Buffett Way Robert Hagstrom
When to Rob a Bank Steven D. Levitt
Wisdom of Crowds James Surowiecki
Year of No Sugar Eve O. Schaub

Gold Stock Indicator: December 2016

After our assessment on gold and gold stocks in October 2016, the price of both have declined but to varying degrees.  Gold declined by –7.82% while gold stocks, as represented by the Philadelphia Gold and Silver Stock Index (XAU), fell by –2.91%.

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Coppock Curve: November 2016

Since the Coppock Curve flashed a buy indication at the end of March 2016, the Dow Jones Industrial Average rose by +8.3% while the S&P 500 gained +6.7%. Our strategy of purchasing Guggenheim S&P 500 Equal Weight ETF (RSP) has proven was well timed and is up +9.2%. Below is an update to the Coppock Curve.

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Buffett: “Money Has No Utility”

According to an article posted by Yahoo!Finance dated September 20, 2016, Warren Buffett is quoted as saying that, for him “…money has no utility.”  To those with $500 million or more, Buffett has the following to say about the extent of pleasure they can get out of their wealth:

“Well, I told one person all they can do with those stock certificates is they can go down once a year and open the safe deposit box, and maybe they can fondle them.”

As far as Buffett’s quote on gold having no utility, well, as the Quote Investigator indicates, Buffett never said such a thing about gold.  Although Buffett might have alluded to the concept, there has been no accurate verification of the exact quote.

Analyst Estimates: Canadian Dividend November 2016

Below is a snapshot of the analysts’ low estimated earnings based on our November Canadian 2016 Watch List. This projection assumes the same price-to-earnings ratio that the stock currently has and the percentage change in price that is implied based on these low earnings estimates.  For the stocks that currently don’t have earnings, a P/E ratio of 14 was assigned.