Happy New Year.  Here’s what I’m reading to start 2014:

• In 2013 I Learned That… (Reformed Broker)
• The Single Greatest Predictor of Future Stock Market Returns (Philosophical Economics)
• Here it is: the worst investment of 2013 (Quartz)
• Statistics Done Wrong (Alex Reinhart)
• The Economy’s Secret Success in 2013 (Daily Beast)
• Interest rates on mortgages for pricey homes have dropped below those on smaller mortgages (WSJsee also Jumbo mortgages now carry cheaper rates than traditional loans (CNN)
• Inside TAO: Documents Reveal Top NSA Hacking Unit (Spiegel)
• Car companies are picking sides between Apple and Google (Washington Post)
• A Stream of Music, Not Revenue (NY Times)
• The new era of the New York skyscraper (Felix Salmon)

What’s up for the New Year?

 

Winners of 2013: Boring Investors

Source: WSJ

 

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.

5 Responses to “10 New Year’s Day Reads”

  1. wrongtrade says:

    The article from Philosophical Economics is amazing.
    I am going to bookmark it and I hope that, with the links provided, I will be able to update it and refer to it periodically.

  2. wrongtrade says:

    I do note that the author says the allocation data is through December 2013, whereas the FRED data indicates that July 2013 is the most recent data available. I am not an expert reading these data. If that is the case I bet that allocations to equities have increased in the last 6 months, lowering the corresponding expected return.

  3. ottnott says:

    http://thingful.net

    Explore things connected to the net. This is only in alpha, so you have to do all the footwork to determine if the device you select provides interesting/useful and current info, but you can save favorites if you find any you like.

  4. Giovanni says:

    In 2013 I learned that Phil Perlman was channeling Arthur Pigou and would probably have done better sticking with the 1927 original: “The error of optimism dies in the crisis, but in dying it gives birth to an error of pessimism. This new error is born not an infant, but a giant.”

    And that Jesse Livermore could have gone with Von Clausewitz circa 1832: “Many intelligence reports in war are contradictory; even more are false, and most are uncertain”

    I learned (again) that most of the knowledge about humans we need has been available for a long time and all it takes is the thirst for it. If your first phone was cordless they probably didn’t talk much about Seneca, Plato, Sun Tzu, Salomon and the like in school but they’re worth a read.