Good Sunday morning — some reads to kick off your day:

Gangster Bankers: Too Big to Jail: How HSBC hooked up with drug traffickers and terrorists. And got away with (RollingStone)
• How you can be a smart market timer (MarketWatch)
• CNBC Is Nobody’s Sloppy Seconds! (Dealbreaker) see also At CNBC, a strict guest policy (Politico)
• Warren Buffett’s Kind of Deal (Dealbook)
• Value Stocks Are Hot—But Most Investors Will Burn Out (WSJ) see also Cash Shouldn’t Be the Only Apple of Your Eye (WSJ)
• Billionaires Soros, Bacon Cut Gold Holdings on Decline (Bloomberg)
• The audacity of dope: Cannabis as an investment (Economist) see also Hemp Is Harmless, a Potential Economic Miracle, and Still Illegal in America — But the Tide Seems to Be Turning (Alternet)
• The Myth of “Saudi America”  (Slate)
• The Drug Laws That Changed How We Punish (npr)
• Scientists unveil new detectors in race to save Earth from next asteroid (Guardian)

What’s for brunch?


AOL vs Netflix

Source: Splat F

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.

11 Responses to “10 Sunday Reads”

  1. farmera1 says:

    So What Happened to the Middle Class

    China and increased productivity. Yes, I think so.

    GOLDMAN: Behavioral Biases Are Found In Every Aspect Of The Investment Process

    The Giant Sucking Squid weighs in on cognitive dissonance or why we (or at least you) make bad investments. The real take away is that don’t believe analysts (and if you do make sure you pick the right one), for if you do it is a sure way to loose your shirt.

  2. jnkowens says:

    Re: Gangster Bankers, I have to say at least Lanny Breuer has been amazingly consistent in his defense. Basically he has completely ignored Wall Street crime since the crisis began because it would be really, really, really, really really hard to prove anything in court. So instead he occasionally bitch slaps some minor mortgage broker from Hoboken or Encino or wherever, and then puts on a big show for the press.
    The guy is a tool – for the Obama Administration.
    My take is that the power brokers in DC and NY do not want to scramble the game board and risk losing power and that’s what would happen if the banking sector were destabilized.

  3. theexpertisin says:

    Interesting twofer on CNBC. Their ratings nationally are about the size of the non felon population of Detroit, so the gripes likely will not get traction.

    I prefer Bloomberg on my satellite radio. The conversation is generally at a reasonably high level, the annoying special efects are minimal, and the hosts are consistently professional in every way. Fox Business, with an audience the size of Youngstown, appears targeted at educating low information investors – nothing wrong with that.

    CNBC is the Jerry Springer of the business networks.

  4. VennData says:

    In GOP’s Hagel Stance, Risks and Rewards – Wall Street Journal

    “…Mr. Hatch, a Republican from Utah, said neither “yea” nor “nay” on the procedural motion, instead voting “present…”

    “…For Republicans facing re-election in 2014 in conservative states, the confrontation offers a welcome opportunity to defy the administration…”

    What statesmen. Appeasing yahoos in Mississippi is what the GOP is all about.

    You keep supporting the GOP and mucking up the works. Do you have an idea what delaying Hagel’s nomination will cost?

  5. AHodge says:

    good stuff
    cant go with the market watch though
    in the seventeen words of their title they contradict themselves
    buy n hold with rebalancing reinvest? i like rebalancing as a tendency
    but that aint timing in my world

  6. Joe Friday says:

    This would be funny if it weren’t so sad. Nevertheless, it’s brilliant:

    The Educate a Cab Driver, Educate Thomas Friedman Campaign

  7. hue says:

    Testa vs NYTimes, Road trips are a dangerous myth for the EV industry to perpetuate “It’s more useful to compare EVs to iPhones … Mobile phones were never premised on delivering the exact same experience as the land-line phones”

    Cave of Crystal Giants, cavers in Mexico confront extreme conditions and find extraordinary beauty

    Vietnam Cave, There’s a jungle inside Vietnam’s mammoth cavern. A skyscraper could fit too. And the end is out of sight

  8. Theravadin says:

    Re: Saudi America. I hate to say it, but the author presents the hopeful scenario (we can’t get at most of that oil, and therefore the carbon will stay in the earth). We’d better not start basing our planning on hopeful scenarios, though – I’m a lot more worried by a scenario where we can get at, say, 10% of that oil. That’s the real nightmare – no incentive to de-carbonize, and ever more extreme global warming.

  9. VennData says:

    Jonathan Winters: Everybody has to pay taxes

  10. AOL vs. Netflix:

    How about Dell vs. Apple? Or Kodak vs. Olympus (my family’s choice of digital camera for over 15 years now)?

    I could make this about investor behavior, and why too many clients “marry” the stocks that made them some wealth, thus eventually taking too much risk in a single stock position… (Why didn’t everyone just buy AAPL three years ago at the ’09 bottom?) However, there is an interesting discussion/poll about reorganization going on in an open forum group on LinkedIn.

    I’d rather use Barry’s (ht) graphic to make a point there. What do you think?

    Why are some companies are engaged regularly in major reorganizations?
    There are a few legitimate reasons below.
    But don’t you think that regular reorganization could reveal something else?

    posted 2 days ago • 45 votes

    Take Advantage of Market Trends 3 (6%)
    Gain of Productivity / Slash Costs 11 (24%)
    Adapt to Competitive Environment 16 (35%)
    Improve Business Process Life-cycle 7 (15%) « your vote
    Other (Explain) 8 (17%)

  11. MikeW says:

    Don’t link to that ‘Dealbreaker’ site, I was reading on it and my anti-virus detected & stopped an attack on my PC.