My morning reading:
• John Bogle Misses the Boat on Rebalancing (Servo Wealth Management)
• A Dozen Things I’ve Learned from Bill Ruane about Investing (25iq)
• Nobel Prize Shows Both Wisdom and Madness of Crowds (Bloomberg) see also Why do we *still* have a Nobel Prize in economics? (Crooked Timber)
• Absolutely everything you need to know about the debt ceiling (Wonkblog)
• The Fallacy of Success (Kottke)
• Is Unprecedented Inequality the Reason the Economy Can’t Recover? (The Reformed Broker) see also After the Jobs Disappear (NYT)
• Yergin: Why OPEC No Longer Calls the Shots (WSJ)
• For Many Hard-Liners, Debt Default Is the Goal (Economix) see also How safe is your money if the US defaults? (CNBC)
• The science interview: Jared Diamond (FT.com)
• How to Opt Out of Google Using Your Name and Face in Ads (Lifehacker)
What are you reading?
Japanese Stocks Lure More Long-Term Investors
Category: Financial Press
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