My afternoon reads:

• Is The Fiduciary Battle Shifting With FINRA’s “Report On Conflicts Of Interest”? (Kitces)
• Why Yale, Harvard And Sovereign Funds Are Changing Their Views On Alternative Assets (Forbes) see also When Active Funds Make Sense (Rick Ferri)
• Microsoft Is About to Dethrone Apple as the S&P 500′s Power Stock (Businessweek)
• Tidying Up Your Financial Life (Bucks blog)
• The Economic Case for Admitting You Just Don’t Know (Businessweek)
• Rethinking the Rise of Inequality (NY Times) but see Low Wage Workers Weren’t Always Left Behind (Real Time Economics)
• Elizabeth Warren’s populist insurgency enters next phase (Salon)
• Did Obama lie about healthcare reform or just omit a crucial detail? (LA Times)
• This Coffee Maker Is A Roaster, Grinder, And Barista, All In One (Fast Company)
• Books that Changed My Life (Farnam Street)

What are you reading?

Percentage of Stocks Above 50-Day MA

Source: Bespoke

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 MidWeek PM Reads”

  1. “Perhaps more impressively, Windows Phone posted a huge jump, increasing smartphone shipments by 156 percent from last year to capture 3.6 percent of all smartphones shipped in the quarter, which IDC rightly calls ‘amazing.’”

    Android and Windows Phone make huge third quarter gains as BlackBerry crumbles, IDC reports (The Verge)

    Naturally, this problem-plagued budget buster is a DOD must-have.

    “The U.S. Navy had sent the vessel to Asia this spring, hoping the innovative Littoral Combat Ship would prove its detractors wrong and live up to the Navy’s belief that it can be the backbone of America’s future fleet. . . . Instead, the narrative was marred by generator meltdowns, burst pipes and propulsion troubles that delayed the Freedom’s participation in international war games.”

    Navy Ship Plan Faces Pentagon Budget Cutters (WSJ)

    • ilsm says:

      103 ways to a balanced budget?

      Lacks context, imagination, and tracking OMB near term planning.

      “— Reduce Size of the Military to Satisfy Caps Under Budget Control Act, $495 billion”

      $495B in 2012 dollars is the ~8% “sequestration” reduction to the pentagon which needs a 50% reduction since it increased about that much since 2001 not including the wars which were funded with special appropriations.

      Why does the US navy need 88 ships 9500 ton “tin can” classes, or the USAF 1400 F-35′s, or the navy $35B for two new “Ford” class aircraft carriers to compete with the Reagan class…….

      Why is the active force 2 times the manpower of the national guard, instead of the reverse ratio Germany maintains?

      The pentagon budget in the CBO timeframe is around $7000B cutting $500B is noise, the generals can furlough GS employees a week or two each year.

  2. RW says:

    The problems with are certainly no worse than the Medicare Part D rollout disaster or any of several thousand other major IT project cockups but you wouldn’t know that from the wasteland we call a press. Bah!

    The Failure is a Terrible Thing to Waste

    Of 3,555 [commercial and government IT] projects from 2003 to 2012 that had labor costs of at least $10 million, only 6.4% were successful.

  3. flocktard says:

    God help the investment world if those creeps at FINRA extend their rule over the RIA community. A movement must develop to reverse this: decertify FINRA altogether and put the B/D community under SEC scrutiny. And ONE standard for all.

  4. theexpertisin says:

    Tidying up…

    Excellent article. Anyone who moves from one home to another knows first hand the amount of crap that should have been tossed, not saved.

    The ideas presented in the piece are a great start.

  5. Bob A says:

    Here’s the truth about Obamacare
    (some of the truth)
    Yes you may be losing your old policy. And in most cases it was crap and you
    bought it because you couldn’t afford a policy that gives you the coverage
    the new ACA policies require. It might have cost less but it covered less and
    you probably still would’ve been totally screwed if you came down with a disease
    which required serious prescription drug use ( like many cancers, hepatitis c,
    hivaids etc etc etc)

  6. Lyle says:

    Actually the whole investment advisor/broker issue is best solved by a complete divorce of the two roles. Companies exist that just perform trades and do not give out advice, similar to the way Vanguard and other inexpensive brokers work (all be it they have an advice division). In this model there are no commissions or fees on trades paid to any advisor, just fees for the actual process of doing the trade, likley initiated on a web site type of basis.
    Then independent advisors that charge customers on a time and materials basis for advice only, no kickbacks or commissions from sellers of products. Since the advisor is forbidden to get kickbacks and the like from sellers of financial products it will be easier for the advisor to give advice in the investors interest. Of course if you did this then you could can the 12b-1 fees as well.

  7. Robert M says:

    I appreciate the turn on to Farnam St. Now to find the time to read the suggestions.