Canadian Oligopoly Revisted

Seeing as we now own Royal Bank, I thought it would be good to post these two articles about buying the laggard Cdn bank, and how this investing strategy continues to outperform - efficient markets be damned.

May 30, 2010

Nov 24, 2010

I've read about this strategy over ten years ago (with modest success) and keep finding it again in the newspaper as if it's something new!

Royal still depends a lot on trading revenue and this most recent market hiccough in Europe may dent trading gains again, but hopefully only for the short term.