My longer form weekend reading:

• Jordan Belfort, the Real Wolf of Wall Street (BusinessWeek)
• ‘Managed futures’ fees wipe out investor gains (Washington Post)
• Steven Cohen: The Gilded Age Revisited (Reuters) see also Dan Loeb’s Skeletons: Did He Hit a Young Cuban Kid in a 2002 Car Accident? (Vanity Fair)
• The Extraordinary Pierre Omidyar (nsfwcorp)
• The Five Characteristics of Successful Innovators (Harvard Business Review)
• The Gladwell pivot (Language Log)
• Apple maps: how Google lost when everyone thought it had won (Guardian)
• The Benefits of a 6-Day Water Fast (GQ)
• The Coach Who Never Punts (Grantland)
• The Beatles Succeeded Through Talent, Ambition, and a Lot of Arrogance (Daily Beast)

What are you doing this weekend?


Merchandise Trade 2011
Screen shot 2013-11-10 at 3.34.30 PM
Source: GED Project


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.

13 Responses to “10 Weekend Reads”

  1. Captin7Seas says:

    Apple vs Google maps is just another example of how underrated & undervalued Apple is – half the cost per share vs Google – you don’t see Carl Icahn trying to board Google’s “secret” barge in the bay!

  2. hue says:

    The Tea Party’s Revenge (New Yorker)

    From Sulking To Sanctions, A Street-Level View Of Life In Iran (New Yorker)

    A Century of Photos (National Geographic)

  3. Captin7Seas says:

    Love the range of stuff you put out here – from Kewl bikes to 6-day water fasts – I’m going to go and make a water smoothie!

  4. boogabooga1114 says:

    From the Post piece: “The ‘powerful argument’ for managed futures turned out to be good for brokers and fund managers but not so good for investors.”

    Ahem, speaking of Gilded Age echoes.

  5. doug says:

    For several years in college, I did a 5-6 day water only fast for the first week of the month. It saved a bunch on food costs, and it gave me quite a sense of being in control of my life. I don’t think you need all the trappings of a ‘place’ to go do it.

    Thanks for the read , BR. Always enjoyed.

    • DiggidyDan says:

      For several years in college, I did a 2-3 day beer only fast for the last 3 days of the week. It didn’t save me much, and gave me quite a sense of not being in control of my life. Fun though!

  6. flocktard says:

    Regarding the Beatles, I am reading “Lennon” by Tim Riley, which recounts the times of Hamburg/Cavern/Epstein/Decca, etc., fitting since the 50th anniversary of the Beatles performance on Ed Sullivan is coming up- and culturally, as momentous an occasion as JFK’s assassination. Arrogant? Maybe, but if you whip through the song titles and see how fast they grew musically with each album- it’s only two years from “She Loves You” to Rubber Soul- yeah, they WERE that good, miraculously so, and their musical assessment of themselves was dead on. Can you think of anyone in history who EVER lived up to their own hype like the Beatles did? I can’t.

    Riley recounts that by the last chord of Lennon’s Rickenbacker on the first Ed Sullivan show, the rest of the music industry might as well been left for dead. Sinatra? Perry Como? Elvis? Forget it.

    Two weeks later, Cassius Clay knocked out Sonny Liston. What came to be known as the “counterculture” started in February 1964. The new game was on. And everyone under the age of 20 knew it.

  7. rd says:

    Another interesting football and statistics analysis:

    While it is important to use the data and statistics, it is also important to look behind the data to see what they mean. The two teams he uses as examples of success with passing have Peyton Manning and Drew Brees as quarterbacks, sure-fire first ballot, potentially unanimous Hall-of-Famers when they retire. The Hall of Fame only awards five spots per year, so they are clearly statistical outliers. Most of the teams in the league would probably do far worse than they are currently doing now if their below average quarterbacks executed 95% of their plays trying to throw interceptions to the other team’s cornerbacks before they got sacked and stripped by the defensive end.

    I think this concept would go down pretty quickly in the same shredding that Malcom Gladwell’s promotion of dyslexia underwent.

  8. RW says:

    Treasury ownership marks wealth divide

    …since the 1980s, the proportion of debt owned by the top 1 per cent started to rise sharply, hitting 30 per cent in 2000 and 42 per cent in 2013. The last time it was this high was in 1922, when the ratio was 45 per cent.

    …what is rarely debated is that millions of poor Americans have far less (or no) skin in the Treasuries game. Little wonder, then, that the fiscal debate is so polarised, and unlikely to become any less so any time soon.

  9. Jojo says:

    Fabulous photo’s! Do you have a photo to enter?
    In Focus
    National Geographic Photo Contest 2013
    Nov 15, 2013

    National Geographic has once again opened its annual photo contest, with the deadline for submissions coming up on Saturday, November 30. One first-place winner will be chosen from each of the three categories, and the winning photographs will be published in National Geographic magazine. The overall grand-prize winner will be announced in December of 2013. National Geographic was kind enough to let me choose among its entries so far for display here on In Focus. Gathered below are 39 images, with captions written by the individual photographers. [39 photos]

  10. Jojo says:

    The deed:
    2014 Volvo Trucks – The Epic Split feat Van Damme Live

    The back story:
    2013 Jean-Claude Van Damme Stars in Volvo Trucks

  11. Jojo says:

    Keep this in mind everytime someone says “this/that job could not be done by a robot!”
    15 November 2013
    Robot used to round up cows is a hit with farmers

    Is it a man? Is it a dog? No, it’s Rover, the robotic cow-herder

    Robots could be used in the future to round up cows on dairy farms, according to researchers.

    A four-wheeled device, known as Rover, has been tested by a team at Sydney University. It was used to move a herd of cows from a field to a dairy.

    Researchers were amazed at how easily cows accepted the presence of the robot.

    They were not fazed by it and the herding process was calm and effective, they said.

  12. 873450 says:

    Geithner rewarded for loyal service to 1% and TBTF

    Geithner to Join Private Equity Firm

    “The unusually low-key announcement — made with little fanfare on a Saturday morning — is Mr. Geithner’s first foray into the private sector in 25 years … Last year, he suggested that the tax rate on carried interest, or the share of private equity firms’ profits from deals, should rise from its current 15 percent. “If you look at any tax reform proposal out there that has any patina of bipartisan support, they believe we have to rethink how we treat investment income and carried interest,” he said at a CNBC conference last July.”

    Let’s see if he changes his mind.