Good morning. Some fine reading selections to begin your work week:

• Quotes and Quips From Buffett’s 2013 Shareholder Letter (MoneyBeat) see also 8 Things I Learned From Warren Buffett This Weekend (Reformed Broker)
• The Intelligent Investor: Emerging Markets Look Appetizing … Again (MoneyBeat)
• Does Pimco Know Something We Don’t? (FT Alphaville) see also Mohamed El-Erian’s Theory for Why Companies Aren’t Spending More Money (Business Insider)
• On the Merits of Being a Financial Historian (A Wealth of Common Sense)

Continues here

Category: Financial Press

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7 Responses to “10 Monday AM Reads”

  1. hue says:

    Your Attention Please (om)

    A Brief Primer on Human Social Networks, or How to Keep $16 Billion In Your Pocket (Platypus Journal)

    Why Millennials Annoy Their Elders (Forbes)

  2. Concerned Neighbour says:

    I found that Jason Zweig article to be disappointing. He’s arguing that emerging markets look appetizing simply because they’ve hit a rough patch. So-called “intelligent investing” is not about chasing momentum, rather it’s about making investments in sound companies at attractive prices. His article says nothing about the latter.

  3. willid3 says:

    dont you just wish you were him?

    cant see why any one gets that much in a bad economy?

  4. Born Again says:

    Mohamed El-Erian’s Theory for Why Companies Aren’t Spending More Money

    Is this article posted as a shot at Microsoft?

    In regards to El-Erian’s argument, he does not address company dynamics which may be affecting any withheld business spending, such as: size, industry, and geography. Certainly the energy sector has seen an explosion in capital spending.

    Some oil majors are spending big but seeing little in return. So some major, like Shell, are divesting from Australia and the North Sea.

    Just two years ago Shell was planning a long-term Arctic drilling program – which they still are flirting with. Meanwhile, little ole Continental Resources is planning to spend $4 billion in 2014!

    I wonder if there isn’t some kind of shift in investment.

  5. rd says:

    A good discussion about how the forecast for today’s winter storm in the mid-Atlantic evolved over the last few days. A good example at how forecasts need to change as more data is gathered and specific transition points are crossed (essentially an application of Bayes Theorem):