If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also sometimes include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world. NOTE: you have to visit the actual website to see the embedded video – it may not appear in your email. Just click on the title of the email to see it…
Couple of things to mention this week:
- I’m tentatively booked on the Lang and O’Leary exchange tomorrow. They’ve moved to an hour format, and the show is now on at 7pm.
- I was in Ottawa on Tuesday night and had dinner again with the Canadian Capitalist, who runs such a good blog that MoneySense magazine has partnered with him and his site. A few commenters are worried about any relinquishment of editorial control and believe me, if you meet Ram in person you’ll quickly discover you have nothing to worry about.
From Around The Blogosphere
Refinancing your mortgage is getting tempting with the banks in a competitive mood as of late as Rob Carrick explains. He also warns to make sure to check on the penalties for breaking your existing mortgage first.
Jonathan Chevreau’s debit card was compromised recently, ironically right after he had written about various types of financial fraud. Maybe he should write about what happens when you win the lottery! :)
L_Mac (Larry MacDonald’s street name) writes about outperforming investment managers versus high performers in other endeavours.
Four Pillars reviews Michael Moore’s latest flick, Capitalism: A Love Story. For those that missed it, I interviewed Michael Moore about the film last week.
Million Dollar Journey shares six signs it might be time to quit your job.
Michael James on Money reviews William Bernstein’s new book, The Investor’s Manifesto.
Canadian Capitalist discusses Active Share as it pertains to managed investment funds. I also discussed it a while ago for more colour if you really want your jaw to drop.
Big Cajun Man looks back at the last twenty years of his financial life.
This Week’s Racing Video
Pulling out an oldie, but goodie. In tribute to the F1 season starting up this weekend, here is a short video of an F1 engine being tested. You won’t be able to see where the exhaust headers are until they get hot, because they start to glow white-hot after only a few seconds. F1 cars don’t have rad fans, the cars can only cool themselves by moving at high speed to force air through the rads. That’s one of the reasons you see so many cars stalling or overheating at the start of a race as they sit to take the green flag. They are super hot after the warm up lap, but aren’t being cooled. Enjoy!