10 Thursday PM Reads

My afternoon train reads:

• Eddie’s deep dive into explaining gold prices. (Crossing Wall Street)
• Hot ETF sellers give distribution its due (FT)
• Boring Is Good (Millennial Invest)
• How to Build Expertise: Lessons From Peyton Manning (James Clear) see also Why Trying to Be Perfect Won’t Help You Achieve Your Goals (And What Will) (James Clear)
• Lawmakers look to end corporate tax dodge (Aljazeera America)
• A new right-wing claim: The White House is lying about inflation! (LA Times)
• The strange relationship between global warming denial…and speaking English. (The Guardian) see also Climate Change Skeptics Could ReachCatastrophic Levels by 2020 (The Onion)
• An epic battle in streaming music is about to begin, and only a few will survive (Quartz)
• With the Blessing of Bill Gates, an Unlikely Summertime Best Seller (Bits)
• Five Retail Rules Flagrantly Violated by the Apple Store (Businessweek)

What are you reading?


ECB Moves to Spur Inflation Jump Started Bonds, Deals

Source: WSJ

Category: Financial Press

States with the Most Negative Equity in Residential Real Estate

Source: RealtyTrac   Each quarter, RealtyTrac releases its “Home Equity and Underwater Report.” According to RealtyTrac’s data, “9.1 million U.S. residential properties were seriously underwater.” Mortgages that are “seriously underwater” exceed a property’s value by at least 25 percent. They also account for 17.2 percent of all properties with a mortgage. That number decreased slightly…Read More

Category: Data Analysis, Real Estate

Searching for water on Ganymede

Source: Know More

Category: Digital Media, Science

Tales of the Death of Hedge Funds Have Been Greatly Exaggerated

During the past few months, we have posted a few words here on the quandary that is hedge funds. One such effort was titled “The Hedge-Fund Manager Dilemma,” and it explored the public’s fascination with the hedge-fund crowd. The next, “Why Investors Love Hedge Funds,” looked at why, despite stunning underperformance during the past decade,…Read More

Category: Hedge Funds, Investing, Psychology

10 Thursday AM Reads

My morning train reads (continues here): • The Gringo’s Guide to the Argentine Holdout Crisis (No Se Mancha) • Cash Crops With Dividends: Financiers Transforming Strawberries Into Securities (DealBook) • Mapping the Stock Market’s Four Primary Metrics (Minyanville) see also Hot ETF sellers give distribution its due (FT) • Seven charts that leave you no…Read More

Category: Financial Press

What If Apple Products Were Their Own Companies?

Slate‘s Jordan Weissmann puts Apple’s product lines into perspective versus other large companies (Tech or not).

iPhone revenues alone eclipse that of either software behemoth Microsoft or online retail giant Amazon. Businessweek (September 2013):

If the iPhone were its own company in the Standard & Poor’s 500-stock index, iPhone Inc. would outsell 474 of 500 companies; iPhone’s $88.4 billion in annualized revenue tops 21 of the 30 component companies in the Dow Jones industrial average—it would be the ninth-biggest stock in the Dow 30.”

Consider these two product lines:

iPhone = Google + eBay

iPad = Yahoo + Facebook + LinkedIn + Twitter + Group + Tesla

Truly insane.





Read More

Category: Consumer Spending, Technology, Valuation

Category: Mutual Funds, Think Tank

97% Consensus (File Under Stuff You Should Know By Now)

Source: Skeptical Science

Category: Science

10 Wednesday PM Reads

My afternoon train reads: • Condo builders fuel a land rush in Miami (WSJ) see also The Top Properties in Hong Kong Housing Resist Market Forces (NY Times) • Financial savvy starts in childhood: Early financial lessons can determine how adults handle money (WSJ) • Half of Workers Are on Track to Retire Well.  Here’s…Read More

Category: Financial Press

The Middle East Friendship Chart

Source: Slate

Category: Digital Media, Politics, War/Defense