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renters-ownersAn interesting essay on short term thinking from the CEO of Blackrock.

I’m not sure about manipulating public policy (in the form of lengthening the holding period for the tax treatment of dividends in the US) to impact investor thinking.

However, the idea of getting investors to think like owners instead of renters makes good sense.

http://www.mckinsey.com/insights/strategy/our_gambling_culture?cid=other-eml-ttn-mip-mck-oth-1506

On December 29 we had an interesting hour long segment on entrepreneurship and investing on CFAX 1070.

Uber

In the first half hour we discussed Uber which is turning the point-to-point transportation (ie: taxi) industry on its head. Taxi cabs have operated in an artificial market protected by regulations that rarely if ever provide a better or safer service for the customer. In fact in cities like Vancouver and San Francisco where there are 1 and 1.9 cabs per thousand people, this regulated market has only protected the cab drivers.

Uber has developed an application and pricing scheme that is upsetting the whole sector and providing consumers with choice.

Nuttea

In the second half we welcome Mayank Chauhan of NutTea of http://www.nutteabar.com who pitches me on his start-up business which has developed an organic, tea infused energy bar.

Click here and listen in: https://soundcloud.com/ian-jessop-cfax/december-29-2pm

Uber and Entrepreneurship

December 28, 2014

Tomorrow we are trying something new on CFAX 1070. We will have a full hour from 2 to 3pm.

In the first half we’re talking about the incredible success and growth of Uber.

In the second half a recent University of Victoria graduate will pitch me on his business opportunity and I’ll critique his concept in the last fifteen minutes.

Tune in, it should be fun!

On this month’s segment we discuss two great entrepreneurial success stories and investments.

Click the following link and fast forward to about 33 minutes:

WestJet was founded in 1996 and has gone on to become one of North America’s greatest airline success stories. It has survived a voluntary shut down, 9/11, SARS and the 2008/9 economic meltdown. When other airlines around the world were shedding staff, filing for bankruptcy, forcing staff to take unpaid leave and postponing important capital investments WestJet showed its 26th consecutive quarterly profit!

Apple has a market capitalization of just under US $700 billion and survived a near death experience. Steve Jobs, it’s founder and CEO, (from 1977 to 1983 and again from 1996 to his passing), not only created products but, more importantly, created categories. We talk with a caller about the future prospects for this business and as an investment.

I am not nor have I ever been an investor in either WestJet (WJA on TSX) or Apple (AAPL on NASDAQ).

I recommend the following reading on both companies: Flight Path by Peter Grescoe on the WestJet story and Steve Jobs by Walter Isaacson on the Apple story.

Buying Companies

September 1, 2014

On our monthly entrepreneurship segment on CFAX 1070 today, Ian Jessop and I talked about our process for assessing investments in businesses and a spectacular $700 million Kelowna success story.

Fast forward to about 32 minutes.

https://soundcloud.com/ian-jessop-cfax/september-1-2pm

Investing in 2015

August 23, 2014

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I don’t invest based on macro economics, I prefer fundamentals on a company-by-company basis. Nonetheless, this is interesting. Credit to PH&N / RBC Wealth Management.

Click this link and listen to Ian Jessop and I talk about how to value your business. We’re on monthly on the first Monday each month at 2:30pm talking entrepreneurship.

Be sure to fast forward to about 32 minutes.