This is our first blog article in our series on famous and insightful business quotes. Many of them will come from probably the best two investment minds in the world, being Warren Buffett and his business partner Charlie Munger of Berkshire Hathaway fame.

Today’s two quotes are indeed from these two, namely:

“Choose a business any idiot can run because sooner or later one will.”

and “Whenever a bad business comes up against an excellent manager, the business invariably wins.”

Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption.