It Seemed Like A Good Idea At The Time Charlie Munger’s Story Applies To Some Canadian Stocks

Last summer it seemed like a good idea to buy into several large-cap Canadian stocks that had a long history of paying out ever more generous dividends. Unfortunately, their shares have fallen, making last year’s good idea look bad. The fortunes of these investments parallel the story told by Charlie Munger, co-chair of Berkshire Hathaway Inc., after the company made a questionable investment in wallboard maker US Gypsum Corp (USG). “Our investment in USG obviously hasn't...