My morning reads:

• Visualizing Bob Farrell’s 10 Investing Rules (streettalklive)
• Gold Sales From Soros Reveal 12-Year Bull Run Decay (Bloomberg)
• Bankrupt 1990s Internet Toy Company Still Thinks It Was Undervalued (Dealbreaker) response to Rigging the I.P.O. Game (NYT)
• The bonus dash beginneth (FT Alphaville)
Stephen Gandel nails Why Intrade Failed (Fortune)
• Money Advice for People in Boom-or-Bust Fields (NYT)
• The Annotated Guide to Krugman versus Sachs (Economist’s View)
• Do economic fundamentals underpin peak equities? ( see also Sputtering global economy belies stockmarket boom (The Telegraph)
• Our brains, and how they’re not as simple as we think (The Guardian)
• Can anyone turn streaming music into a real business? (The Verge)

What are you reading?


Historical S&P 500 Sector Weightings  

Source: Bespoke

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.

12 Responses to “10 Tuesday AM Reads”

  1. MorticiaA says:

    Much like your QOTD, I write a different pithy quote on the whiteborad in my office every Monday. This week’s installment is from Albert Einstein, “Great spirits have always faced violent opposition from mediocre minds.” I won’t say why that quote hit me for this week, but I work in coroporate-land so it covers a lot of bases.

  2. Conan says:

    I found this article by Doug Short interesting:

    In the year 2000 the 16 to 44 year old group shrunk from 66% to 56% of the work force and the 45 to 65 year old group grew from 34% to 44 %. Also it was notable that the over 65 year old group has grown by 50%.

    Bottom line the workforce is getting older and the younger groups are participating less. With the biggest shrinkage in the 35 to 44 year old group. This demographic is tracked by many as being one of the most significant to the economy.

  3. VennData says:

    RNC to launch major digital overhaul following election inquiry

    They’re looking into ‘lectricity, ‘cept half of ‘em don’t like it much.

    Let’s got back to a time before digitals and smart phones, in fact, anything smart. Original Intent! Black people are worth 3/5′s of a vote, women can’t vote and the legislatures choose the Senate!

  4. arthurcutten says:

    With regard to Paul Ryan’s budget proposal unveiled today and the petty academic squabble between Krugman and Sachs, the lines ‘the best lack all conviction, while the worst are filled with passionate intensity.’

    Obama’s lack of principled leadership has the liberal and progressives going at each other in their frustration, waffling without a pole star, in the face of determined economic yahoo-ism from the austerians.

    Obama is failing. What have we done wrong? Nothing. He does what he chooses to do, and that is something that is hard to admit.

  5. VennData says:

    “…Marina Abramovic and Ulay started an intense love story in the 70s, performing art out of the van they lived in. When they felt the relationship had run its course, they decided to walk the Great Wall of China, each from one end, meeting for one last big hug in the middle and never seeing each other again. At her 2010 MoMa retrospective Marina performed ‘The Artist Is Present’ as part of the show, where she shared a minute of silence with each stranger who sat in front of her. Ulay arrived without her knowing and this is what happened…”

  6. hue says:

    The troubling things I learned when I re-reported Bob Woodward’s book on John Belushi

    “When Wired came out, many of Belushi’s friends and family denounced it as biased and riddled with factual errors. ‘Exploitative, pulp trash,’ in the words of Dan Aykroyd. Wired was so wrong, Belushi’s manager said, it made you think Nixon might be innocent. Woodward insisted the book was balanced and accurate. ‘I reported this story thoroughly,’ he told Rolling Stone. Of the book’s critics, he said, ‘I think they wish I had created a portrait of someone who was larger than life, larger than he was, and that, somehow, this portrait would all come out different. But that’s a fantasy, not journalism.’ Woodward being Woodward, he was given the benefit of the doubt. Belushi’s reputation never recovered.

    this joke i found in the comments at
    A 1%er, a Tea Partier, and a Union Member sit down at a table. 12 cookies are brought to them. The 1% takes 11 cookies, the Tea Partier takes 1, and when the Union Member is about to speak up, the 1%er says to the Tea Partier, “you better watch out – that union thug is gonna take your cookie!” The Tea Partier starts shouting.

  7. MelJ says:

    Not about financial matter, but even more important imo:

    Finally: hear Bradley Manning in his own voice

  8. Joe Friday says:

    AMAZING interview with Jeremy Grantham on Charlie Rose last night. He supposedly has a great track record. If half of what he said is even half-right, holy crap.



    BR: I linked to that this AM !

  9. Joe Friday says:

    Can anyone turn streaming music into a real business?

    Doubtful, as long as there is software that allows one to capture streaming music and download it.

  10. nofoulsontheplayground says:

    Tom Demark Picks a Top on the S&P 500:

    He’s saying the top will be 1567.4 on the S&P 500

  11. Bob A says:

    U.S. total effective tax rates (personal and corporate income, payroll, property, sales, excise, estate, etc.) by income level in 2011

  12. willid3 says:

    MMT what is it?

    seems like we have escapes from reality in the economic sense. while the gold standard may slowed down inflation, it did lead to one thing, deflation and depressions with regularity. and they are much worse than inflation