My afternoon train reading:

• The Illogic of Active Trading (NY Times)
• Low Treasury yields frustrate bond bears (FTsee also New Rule of Stocks: Get Used to the Grind (MoneyBeat)
• Hedge Funds Short Small Caps Most Since ’04 Russell Falls (Bloomberg)
• Here Is America’s Biggest Edge Over The Rest Of The World (Business Insider)
• Extreme Consensus (Alhambra Partners)
• Wall Street’s Overlords Always Win (Bloomberg View)
• A High-School Freshman’s Investing Lesson: Time Horizons Matter (Moneybeat)
• Despite Big Ambitions, New York’s Tech Scene Is Still Starting Up (NY Times)
• The Ice Sculpture Business (Priceonomics)
• John Henry and the Making of a Red Sox Baseball Dynasty (Businessweek)

What are you reading?

 

Highflying Small Caps Get Clipped

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.

6 Responses to “10 Monday PM Reads”

  1. thomas hudson says:

    John Oliver has some observations about the failed Oregon healthcare website on his new HBO show:

    https://www.youtube.com/watch?v=Dh9munYYoqQ#t=142

  2. cbatchelor says:

    Reading this post on IE?
    Well, “the U.S. Department of Homeland Security advised computer users to consider using alternatives to Microsoft Corp’s Internet Explorer browser until the company fixes a security flaw that hackers have used to launch attacks.
    The United States Computer Emergence Readiness Team said in an advisory released on Monday morning that the vulnerability in versions 6 to 11 of Internet Explorer “could lead to the complete compromise of an affected system.”
    https://www.yahoo.com/tech/new-security-flaw-affects-all-versions-of-internet-84085229159.html

  3. Stock Soup says:

    The napkin graph in the The Illogic of Active Trading article was pure genius.

  4. RW says:

    It’s Monday and someone is wrong on the economy; the same someone as every Monday in one case.

    Robert Samuelson Is Badly Confused About the Well-Being of Retirees

    Robert Samuelson told readers in his latest column that we need not worry that people are undersaving for retirement. Unfortunately this conclusion rests largely on a confused reading of the data. …

  5. RW says:

    No Accounting Skills? No Moral Reckoning

    Over the past half century, people have stopped learning double-entry bookkeeping — so much so that few know what it means — leaving it instead to specialists and computerized banking. If we want stable, sustainable capitalism, a good place to start would be to make double-entry accounting and basic finance part of the curriculum in high school, as they were in Renaissance Florence and Amsterdam.

    NB: It could be argued as the article does that in order to understand accountability in a capitalist system it is necessary to understand something of accounting and there may be some truth to that proposition although there is clearly no causal link between the two or banksters would be a rare breed.

    But there is a larger point that could be made: The advent of double entry bookkeeping during the Renaissance led more people to become users of math and some of those people became more interested in what they were using so the ranks of mathematicians and nascent scientists swelled; numeracy was born and so was the ability to record the lawfulness in nature. We could use that kind of interest again I think.

  6. ch says:

    Extreme consensus? 67 out of 67 economists think rates will be higher b/c they think that interest rates still operate in a free, unfettered market.

    What a joke. Rates are what the US gov’t needs them to be to stay solvent. That is lower.