Transcript
Introduction
Rick
Boys, welcome to the Art Of Investing. Where to begin? I think the question on many minds is why are Canadians so happy? I mean it's dark, it's cold. Is it the maple syrup or what are we missing there?
Daniel
I think I'd say by necessity because the winters are long and cold, which, I guess, a Canadian stereotype, but having lived in the Pacific Northwest for five years and then relocating back to Toronto, it is the reality that I sort of forgot about when I was growing up, and it's dark and cold. And otherwise, we get pretty grumpy from January to April. But I mean, Paul, you count as an honorary Canadian because you've relocated there, you moved the family up there twice and you came from Florida, too. So...
Rick
The Canadians are nice, but they also have shown themselves to be resourceful at times. And Paul and I were just talking about this. Our good, mutual friend, Will Thorndike a couple of weeks ago -- I guess, over the holidays, Will decided to pull out the spreadsheet and do an analysis of what he refers to as long-term returns of extreme decentralizers.