Good Monday morning! Some reads to start off your workweek:

• Who’s Right on the Stock Market? (NY Times)
• Investors Weigh End Game in Bond Rally (WSJ) see also Bond strategies for today’s markets (Fidelity)
• Small no longer looks quite so beautiful (FT)
• Biggest 2013 ETF Launches Tell New Tales (Index Universe)
• Jim Chanos on Taking Risks Early (Reformed Broker) see also 22 Brilliant Quotes From Legendary Short-Seller Jim Chanos (Business Insider)
• Japan Inc. Profits Double as Cost-Cutting CEOs Pace Recovery (Bloomberg)
• Health-care smartphone apps that show heart rhythms, X-rays and who isn’t washing their hands. (WSJ) see also How to prevent the biggest kind of mistake doctors make: incorrect diagnoses.(WSJ)
• In a series of exclusive interviews, Microsoft’s CEO explained how he came to believe he wasn’t the best person to remake the company. (WSJ)
• Apple & Samsung take massive 109% of mobile industry profits while competitors lose money (Apple Insider) see also Apple’s Jony Ive and Designer Marc Newson on Their Shared “Level of Perfection” (Vanity Fair)
• History Comes to Life With Tweets From Past (NY Times)

What are you reading?


Inflation Adjusted Gasoline Prices

Source: Chart of the Day

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.

9 Responses to “10 Monday AM Reads”

  1. swag says:

    Also, sorry to complain, but I hope that Steve Rattner didn’t get paid to write that article that pretty much says only two very obvious things: 1. Some people seem to be able to beat the market and 2. Small individual investors should use index funds.

  2. hue says:

    Inequality’s Roots: Beyond Technology (NYTimes)

    Year’s Best Business Book Is a Work of Fiction On the Modern eWorkplace (HBR)

    Grab and Run: Kyrgyzstan’s Bride Kidnappings (Newsweek) (Barack Obama Is Your New Bicycle)

  3. 4whatitsworth says:

    “My expectations, from strong to weak, are these. Based on valuation estimates that have been strikingly reliable for a century (most recently, accurately projecting negative 10-year returns in 2000, warning of awful outcomes 2007, and indicating far stronger prospective returns in 2009), I am convinced that annual total returns for the S&P 500 will average somewhere between zero and 2.5% nominal (not real) over the coming decade.”

    Looks right to me.

    • Anonymous Jones says:

      I agree with this. The future is uncertain, and the path we will take is going to be bumpy and unpredictable, but if I were forced to give a best guess of nominal returns over the next ten years, I’d come out at a similar position, though I prefer making predictions on real returns.

      There is no necessary crash in the offing. Only a large exogenous event will precipitate that and anyway, there would be a subsequent recovery just like in the previous crashes. But returns, especially in markets that have priced in about as good of results as can be expected, are never going to substantially outstrip economic growth, for which there is no good plausible reason to believe is going to be high.

  4. LeftCoastIndependent says:

    We know the Fed is buying treasuries, and Social Security is too, but I have never figured out why anyone else would buy them at such ridiculous low rates. Boycott the Treasury, which would make the congress get its Fiscal priorities straight.

  5. pilastr says:

    Curious to know if Barry feels a chilling effect from recent censorship at Bloomberg. Still happy to be part of the Bloomberg family? Any impulse to stand in solidarity with Michael Forsyth?

  6. Arequipa01 says:

    @Pilastr. Such temerity. The nerve…besides Winkler gave a perfectly reasonable explanation- ‘if you want to keep doing puff pieces on Albert Speer’s monumental architecture, stop asking questions about the big ovens.’