My afternoon train reading:
• Multiples Growing Fastest Since Dot-Com Bubble as Rally Ages (Bloomberg)
• The most qualified candidate for Fed chair isn’t Summers or Yellen. It’s this guy. (Wonkblog)
• Hedge funds’ small-cap picks crush the market (MarketWatch) but see Rethinking investment risk (EurekAlert)
• Beyond The Fiduciary Standard (Rick Ferri)
• Ballmer Departure From Microsoft Was More Sudden Than Portrayed by the Company (All Things D) see also Steve Ballmer’s Tenure As Microsoft CEO In Numbers (BuzzFeed)
• Activists Seek Short-Term Gain, Not Long-Term Value (DealBook)
• A Sweet Lesson in Price Perceptions (Sketch Guy)
• Why the U.S. Power Grid’s Days Are Numbered (Businessweek)
• Wait, What’s That? The Science Behind Why Your Mind Keeps Wandering (Fast Company)
• Harlan Ellison: “Life to me is a great ironic joke” (Salon)
What are you reading?
The Future is still Bright!
Source: Calculated Risk
Category: Financial Press