On the weekend, I like to reference some of the longer, broader items that have caught my eye. Without the trading day interrupting us, we can take some additional time to delve deeper intoa broader variety of related subjects.

• Incremental Change Wins Apple Big Gains (TidBITS)
Advisor:  The Truth About Ric Edelman (Financial Advisor)
• The New American Dream: Renting (Circa 2009)  (WSJ)
• Facebook’s Sheryl Sandberg has a talent for making friends (LA Times)
Nassim Taleb’s Book Recommendations (Farnam Street)
China: The Revenge of Wen Jiabao (Foreign Policy)
• Intoxicating Trends: Attitudes to drugs have been in constant flux owing as much to fashion as to science. (History Today)
• A Death in Yellowstone: What Happens to Bears That Attack Humans? (Slate)
• The neuroscience of Bob Dylan’s genius (The Guardian)
• Photographer Nan Goldin’s best shots (Guardian) see also Britain from above: Jason Hawke’s aerial photographs of cities at night (Telegraph)

Whats on your tablet?


U.S. Labor Market Slows Its Stride

Source: WSJ

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

16 Responses to “10 Saturday AM Long Reads”

  1. Sechel says:

    Just Read M&T CEO’s annual letter. It’s a must read. He’s mad as hell blasting the big banks and the repeal of Gass Stegal. Starts on page XI



    BR: I am trying to remember if he is a crank, blaming the crisis on Fannie & Freddie — do you recall ?

  2. theexpertisin says:

    Just finished reading a piece in the current Kiplinger on the SEC. As a norm, articles of this type are less than hard hitting.

    One item jumped out at me. Only twenty of the almost 100 rules set out by Dodd-Frank have been implemented.

    Arthur Levitt, former SEC Chairman was quote as saying that “only 30% of the rules will see the light of day until after the election – and if the Republicans win, it will be less than that”. If Dodd-Frank is so good, why wait? Are the non-implemented rules that will be introduced and enforced after the election going to infuriate business and investors?

    Kiplinger Magazine is a toilet read in our home. At times, some interesting information is gained prior to the flush.

  3. mark says:

    Has MarketWatch been taken over by ZeroHedge zombies or is there really something to this?

    Bets on ZROZ, employment data smack of Wall Street inside job


  4. VennData says:

    Save reading the list of Ryan’s unnamed cuts that must total to $740B a year for the weekday then? Because nothing is a really short read, “marvelous” though it is.

  5. Francisco Bandres de Abarca says:

    Tartan Week in NYC.


    If you heard the pipes and spied the joggers in Central Park this morning, that was the event’s 10k. The big parade is on 6th Ave. next Saturday (2 p.m.). New York’s only ‘must see’ event this year! (OK, perhaps I exaggerate a wee bit.)

    This year’s unofficial toast (as always): “Let’s get pissed!”

  6. willid3 says:

    census from the 1940s. compared to today. show a really different composition of the US



    ex. in the 1940s only 4.6% have attended a 4 college, today that number is 28.2%

  7. Joe Friday says:

    Advisor: The Truth About Ric Edelman (Financial Advisor)

    I caught a few of his shows on PBS when my local affiliate added it this season and slotted it after another show I routinely watch. The bulk of it is nothing new, just recycled practical common sense for consumers. I stopped watching after the second time I saw him say some version of, ‘stocks have out-performed all other asset classes over the last so many decades’ or ‘stocks have returned an average of x% every year over the last so many decades’.

    It is documentable that treasuries have outperformed stocks over the last year, five years, ten years, twenty years, and thirty years. If Edelman is unaware of this basic reality, why would anyone have any faith in any other investment advice he offers ?

    He may be “successful” for Ric Edelman, just as the Kardashians are “successful” for themselves. It doesn’t mean any of them have anything worthwhile to listen to and emulate.

  8. Doofus says:

    The article in Slate about the grizzlies in Yellowstone is an interesting, if somewhat anthropocentric, read.

    The author incorrectly characterizes the behavior of the bears:

    Whenever a grizzly bear commits a crime in the continental United States, Chris Servheen gets a call at his office at the University of Montana in Missoula. Servheen has been the Grizzly Bear Recovery Coordinator for the U.S. Fish and Wildlife Service for three decades, and his phone usually rings with news of mundane grizzly malfeasance: a bear breaking into garbage cans in the tiny town of Cooke City, Mont., or a grizzly being spotted getting too close to a rancher’s cows somewhere in Wyoming. But a call he got late last summer was much more sinister. On Aug. 25, for the second time in two months, a grizzly bear killed a human being in Yellowstone.

    and provides her translation of the Park Service’s “bear judicial code”.

    The rules are quite elaborate but essentially they state: If a grizzly hurts someone while acting in a naturally aggressive way, then the bear goes free. If a grizzly acts unnaturally aggressive, though, and injures a person, it must be euthanized. It all comes down to the animal’s state of mind.

    This is obviously ridiculous, and speaks to long outdated ideas of human “domain over”, as opposed to intrusion into, wild lands. Grizzly bears are not capable of committing a “crime”, which is a human legal construct. Grizzlies simply respond to stimuli in their environment, and we interlopers in their habitat should not foolishly expect them to understand that killing a two-legged naked ape is any different than felling a sickly moose, or aggressively protecting cubs from other apex predators like male bears or wolves.

    I’ve been to Yellowstone on three separate occasions, and was fortunate to see grizzly bears, including a sow and three cubs on one visit, about 200 yards away. That 200 yards was my risk to take, not the bears’ choice. (I remained *very* close to my vehicle.)

    When people go into the wilderness, they accept a certain level of risk. The bears should not be held responsible for ignorant humans making poor judgments about their place in the wild.

  9. Jojo says:

    Xiph.Org Foundation
    24/192 Music Downloads
    …and why they make no sense

    Articles last month revealed that musician Neil Young and Apple’s Steve Jobs discussed offering digital music downloads of ‘uncompromised studio quality’. Much of the press and user commentary was particularly enthusiastic about the prospect of uncompressed 24 bit 192kHz downloads. 24/192 featured prominently in my own conversations with Mr. Young’s group several months ago.

    Unfortunately, there is no point to distributing music in 24-bit/192kHz format. Its playback fidelity is slightly inferior to 16/44.1 or 16/48, and it takes up 6 times the space.

    There are a few real problems with the audio quality and ‘experience’ of digitally distributed music today. 24/192 solves none of them. While everyone fixates on 24/192 as a magic bullet, we’re not going to see any actual improvement.

    First, the bad news


  10. Roger Bigod says:

    Several articles had pretty pictures, but some of them made me think, and now I have a headache. If you keep doing that, we may have to send you away for political reeducation.

  11. cyaker says:

    The govt may be planning a fascist takeover but the Chinese control our military hardware and probably our computers as well.


  12. cyaker says:

    The US will soon resemble Ghedi Prime, say hello to Baron Harkonen for me.(Dune)

  13. Jojo says:

    News report from 1981 about the Internet!


  14. [...] The truth about Ric Edelman.  (Financial Advisor via Ritholtz) [...]