In my blog of December 9, 2010, I listed 10 main changes needed to the Capitalist system. I am a capitalist, but I recognize the need for change. The severity of the economic meltdown and the outrageous extravagance of those taking advantage of Capitalism, makes change so very necessary. One can point to many faults,… Continue reading Capitalism Needs Tweeking – 10 Corrective Measures Needed
Author: Larry Cyna
Mr. Cyna is an accomplished investor in the Canadian public markets for over 20 years, and has managed significant portfolios. He is a financing specialist for private and public companies, and has expertise in real estate and debt obligations. He has assisted private companies accessing the public markets, has been a founding director of public companies and continues as a strategic consultant to selected clientele.
He is and has been a director, a senior officer and on the Advisory Board of a number of TSX and TSXV public companies in the mining, resource, technology and telecommunications sectors, and the Founding Director of two CPC’s with qualifying transactions in mining and minerals. He was an honorary director of the Rotman School of Management MBA IMC program, has completed the Canadian Securities Institute Canadian Securities Course & Institute Conduct and Practices Handbook Course, was a former Manager under contract to an Investment Manager at BMO Nesbitt Burns, a roster mediator under the Ontario Mandatory Mediation Program, Toronto, a member of the Institute of Corporate Directors of Ontario, a member of the Upper Canada Dispute Resolution Group, and the Ontario Bar Association, Alternate Dispute Resolution section.
He obtained his designation as a Chartered Accountant in Ontario in 1971 and was the recipient of the Founder’s Prize for academic achievement together with a cash reward. He became a CPA in the State of Illinois, USA in 1999 under IQEX with a grade of 92%. He is a Member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants.
He holds certificates in Advanced ADR & in Civil Justice in Ontario, Faculty of Law, University of Windsor, certificate in Dispute Resolution from the Ontario Institute of Chartered Accountants. Previous accomplishments are Manager of Cymor Risk Consultants LP specializing in Risk Management Assessment; CEO of Cyna & Associates specializing in mediation and ADR; Founder & Senior Partner of Cyna & Co, Chartered Accountants, a fully licensed and accredited public accountancy firm with international affiliations; and was a partner in a large public accountancy firm.
Mr. Cyna is well known in the Canadian Investing community. He is invited to, and attends presentations given by public companies usually 3 or 4 times each week. These presentations are intended by the various hosting companies to present their inside story to sophisticated parties and Investment Managers for the purpose of attracting funding, or of making parties more interested in acquiring shares of those companies. Being a part of this keeps Mr. Cyna deeply involved in the current market and leads to numerous investment opportunities.
Investing Guidelines – Stellar Returns, Don’t use margin, Don’t lose capital
We achieved a Return on Investment this year that far exceeded our expectations. Our numbers were so good, that it hard to expect to achieve similar results in future years. Having regard to this success, we thought we might start the New Year by listing some basic policies that we religiously follow. These guidelines should… Continue reading Investing Guidelines – Stellar Returns, Don’t use margin, Don’t lose capital
Investing Insights
Important Themes from My 2010 Blog Firstly I wish to thank the readers for taking the time in this busy world to read this blog. I started writing in June 2010 with the thought that people buy an inexpensive household item only after comparison shopping and due consideration, yet people invest their life savings by… Continue reading Investing Insights
What is Wrong with Capitalism – #2 of 10 Checklist of Dec 9/10 – Lack of Warranty
A Warranty is normally attached to a product, except in the Financial Industry The Lack of Warranty attached to Financial Investments. Buying a car means whoever sold you the car stands behind the car. The financial system works on the opposite principle. BUYER BEWARE ! Money is Earned by Your Advisor When you Buy Something… Continue reading What is Wrong with Capitalism – #2 of 10 Checklist of Dec 9/10 – Lack of Warranty
What is Wrong with Capitalism – First Item on my 10 Point Checklist of Dec 9/10 (continued)
The Main Elements that are Wrong with our Economic System – First Item on my 10 Point Checklist of Dec 9/10 – Continued from blog of Dec 20, 2010 Let me begin by saying again that I am a Capitalist. I believe Capitalism to be the only economic system that the Western world should follow.… Continue reading What is Wrong with Capitalism – First Item on my 10 Point Checklist of Dec 9/10 (continued)
Make the Capitalist System Work – Understanding the Difference Between Financial Services and Manufacturers
The Main Elements that are Wrong with our Economic System – First Item on my 10 Point Checklist of Dec 9/10 Understanding the Difference between a) The Financial System & b) The Manufacturer of Cars or Appliances Both manufacturers of goods, such as electric can openers or vehicles; and manufacturers of financial goods sold to… Continue reading Make the Capitalist System Work – Understanding the Difference Between Financial Services and Manufacturers
A Problem with Democracy – Our cherished Rights – WikiLeaks founder Julian Assange
Our Cherished Rights We in democratic societies fight to keep our cherished rights. We feel that any move to restrict our rights, is a move against individual freedom, and is something that is not very good. Generally these cherished rights are necessary to our well-being. These rights protect us and mandate the way that our… Continue reading A Problem with Democracy – Our cherished Rights – WikiLeaks founder Julian Assange
The Recovery Continues – North American and European societies are simply too strong to lay dormant
We have often commented that the economy is gradually recovering. The North American and European societies are simply too strong to lay dormant. There will be a lot of bumps in the road, and a lot of bad news along the way, but gradually and surely, this cycle will become a memory, just like every… Continue reading The Recovery Continues – North American and European societies are simply too strong to lay dormant
Make the Capitalist System Work – It can be the Best System
My Checklist – Following my Blog of Dec 9/10 Capitalism is the ability of the private sector to raise money and invest that money in the private sector. One must differentiate between the good and the difficult parts of our system. The good must be recognized and honored. The bad must be addressed. As civilization… Continue reading Make the Capitalist System Work – It can be the Best System
The Financial Meltdown was Avoidable – What is Capitalism?
In a recent blog, I tried to give an overview of what happened and why it happened. In writing that blog, it occurred to me that the subject of how to avoid future similar meltdowns is about as confused in the public’s minds as to the reasons why the meltdown occurred. If you Understand Why… Continue reading The Financial Meltdown was Avoidable – What is Capitalism?