Here is my morning collection of confirmation biases:

Jack Bogle: Forget trading, start investing (Market Watch)
• Investing in Master Limited Partnerships – Risks and Opportunities (NEPC) see also High Returns and a Tax Break in One Investment (NYT)
• Why Are You Outperforming? Why Are You Underperforming? (Mebane Faber)
• Financial Survival in a Time of Fiscal Peril (NYT)
• This Is The Biggest Economic Story In The World (Business Insider)
• Spain Banks Face More Pain as Worst-Case Scenario Turns Real (Bloomberg)
• Housing Starts and Permits: Euphoria May Be Premature (Advisor Perspectives) but see Home Building Surges as Confidence Grows (WSJ)
• What’s An Index Worth? (Index Universe)
• 2 Senators Call for Greater Bank Capital Requirements (DealBook) see also Testifying in Britain, Volcker Questions Bank Innovation (DealBook)
• How the Moon Was Born (The Atlantic)

What are your biases?

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Insurers Shed Annuity Assets

Source: WSJ

Category: Markets

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.

11 Responses to “10 Thursday AM Reads”

  1. carleric says:

    Oil and Gas MLPs are great investments for the yield hungry but for retireee’s IRAs there are tax consequences so make sure you have a handle on that

  2. AHodge says:

    I love jack Bogle who knows where post of the buyside bodies are buried
    but i cannot go with this “start investing” especially right now
    if you could find genuine claims on the solid cashflow coming out of the economy
    that would be fine
    but with all of nonfinancial corporate finance and accounting mucked up
    and all of banking and the finace sector itself in a shamble
    and the markets them selves being jacked around by third world policy
    actually aimed at distorting them???
    those simple matching savings and envestment decisions cant be done
    and certainoly not by buying an S&P index and holding.
    or to wuote yours on Paul Volcker today

    QUOTE Mr. Volcker also raised doubts over the benefit of complicated trading activities, which contributed to the global financial crisis.UNQUOTE
    and your title VOLCKER QUESTIONS BANK INNOVATIONS
    Where is there a market not polluted with this stuff—got to trade it or get out

  3. theexpertisin says:

    The “biggest economic story in the world” in the 1930s was the resurgence of Germany. Or the Soviet Union, depending upon which stalwart economist one asked. Nobel Prize-winning New York Times journalist Walter Duranty and others in his field kept Americans up to date on all the latest data emanating from a variety of sources proclaiming remarkable progress on all economic fronts.

    We all know how that turned out.

  4. VennData says:

    Alleged Federal Reserve bomb plotter Quazi Mohammad Rezwanul Ahsan Nafis’ ties probed

    http://www.cbsnews.com/8301-201_162-57534873/alleged-federal-reserve-bomb-plotter-quazi-mohammad-rezwanul-ahsan-nafis-ties-probed/

    Another right wing kook who wants to get rid of the Fed.

  5. couragesd says:

    “Avoiding Future Stock Market Crashes: ‘Diversification Effect’ That Protects Portfolio of Shares Disappears During General Slump”
    Science Daily:
    http://www.sciencedaily.com/releases/2012/10/121018103024.htm

  6. couragesd says:

    also kind of a fun
    “When Leaving Your Wealth to Your Sister’s Sons Makes Sense”
    http://www.sciencedaily.com/releases/2012/10/121016162843.htm

  7. VennData says:

    AHodge,

    Smart investors will ignore your screed. Continue investing. It’s always paid to ignore the partisans, the pimps, the players on TV. Now is no different, ignore them and you will be rewarded in the long run.

    AHodge, thinks he knows. Bogle’s point is that he doesn’t, no one does. Stay the course.

  8. VennData says:

    Qaeda Branch Leader Said to Be Among Dead in Yemen Drone Strike

    http://www.nytimes.com/2012/10/19/world/middleeast/yemen-drone-strike-al-qaeda.html

    I wouldn’t put it past a Chicago guy to murder someone to achieve their own political ends. They can’t debate, so they kill people and brag about it. And you don’t hear Romney bragging about how he took out bin Laden.

    – Jack Welch

  9. NoKidding says:

    Buying opportunity or dead cat bounce?

    http://www.ijis.iarc.uaf.edu/en/home/seaice_extent.htm

    I’m curious what this will look like late September 2013.

  10. cthwaites says:

    On buying annuity assets: there’s no free lunch here. Insurance companies face pretty steep capital requirement from state regulators and NAIC. The more risky the bond holdings become, the more Risk Based Capital ratios decline and have to be funded. If these books of business go to the street and they calmly invest in higher risk assets, then there’s going to be a lot more risk in the system.

    Also, no life insurance company (which is separate from the holding company) has defaulted on their life policy obligations in years. Even policyholders of Executive Life have made out, in part because of the state insurance funds. Can’t say the same for Wall St investors.

  11. call me ahab says:

    “Smart investors will ignore your screed. Continue investing. It’s always paid to ignore the partisans”

    partisan- lmao- coming from VennData- he’s not partisan- he’s a democrat!

    lfol

    still slopping up Ritholtz’s blog- at least you’re consistent