My afternoon train reading:
• The Single-Best Metric: EV/EBITDA (Crossing Wall Street)
• American Idle: Five Reasons We Hate the Stock Market (Reformed Broker) see also Stock traders with need for speed turn to laser beams (WSJ)
• Current liquidity-driven markets may be an Aberration, but Stubborn Aberrations Are Worth Paying Attention to (Tocqueville Funds)
• Is U.S. Housing Unaffordable? It Depends on How You Chart It (Real Time Economics)
• The Vampire Squid Strikes Again: The Mega Banks’ Most Devious Scam Yet (Rolling Stone)
• Characteristics of the Monied “Like” Button (Civilization Systems) see also Who ‘likes’ my Virtual Bagels? (BBC)
• Leaked Records Reveal Offshore Holdings of China’s Elite (ICIJ)
• 25 Horrible Things That Happen If You Don’t Get Enough Sleep (Business Insider) see also Does a More Equal Marriage Mean Less Sex? (NY Times)
• Google Earth: how much has global warming raised temperatures near you? (The Guardian)
• How the Beatles Went Viral: Blunders, Technology & Luck Broke the Fab Four in America (Billboard)
What are you reading?
Even Among the Richest of the Rich, Fortunes Diverge
Category: Financial Press
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