Afternoon train reading:

• Swedroe: Don’t be a member of the hedge fund club  (CBS)
• Active vs. Passive: Try harder or do something easier? (Abnormal Returns) see also Stories Triumph Statistics (Seeking Wisdom)
• Beware Of The Walking Dead In Your Portfolio (Forbes)
• China in gold collateral financing shock (FT Alphaville)
• Intentions On Housing (Alhambra Partners)
• Elizabeth Warren book ‘A Fighting Chance’ recounts her Washington battles over financial regulation (Boston Globe) see also ‘Maker-taker’ may soon be a goner. (WSJ)
• Our health spending problem is all about prices (Vox)
• 7 Facts About Our Broken Tax System (The Nation)
• Verizon led massive astroturf campaign to end NJ broadband obligation (Ars Technica)
• Rush Limbaugh is Correct. Stephen Colbert is a Liberal, While Jon Stewart Is Just a Progressive Era Reformer (Mischiefs of Faction)

Three day weekend!


Retail Sales Surge as Consumers Rev Up Growth

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.

13 Responses to “10 Thursday PM Reads”

  1. Somehow, I have an idea Pratt & Whitney is telling a different story.

    “‘With the latest revision, the projected acquisition cost of the F-35 has climbed 71 percent in inflation-adjusted dollars since the Pentagon signed its initial contract with Lockheed in 2001, even as plans were adjusted to buy 409 fewer aircraft. Congress has approved spending $83.2 billion on the F-35 so far, according to the report.

    ‘Bogdan blamed Pratt & Whitney for failing to reduce engine costs as fast as promised, which he said accounts for $1.7 billion of the increase.

    “’Pratt’s not meeting its commitment,” he said. “It’s as simple as that.’”

    Lockheed F-35 Projected Cost Rises 1.9% to $398.6 Billion (Bloomberg)

  2. VennData says:

    Snowden Blows Putin

    The Snowden Libertarians look as stupid to each other as they have to the sane rest of us now.

  3. > Our health spending problem is all about prices (Vox)

    This is very good. Also see the wonderful series by the New York Times’ Elisabeth Rosenthal, “Paying Till It Hurts”:

    These stories invariably address the medical side of health care costs. The mental health care side is another story altogether, not only with respect to costs but finding quality providers and insurer coverage (the last which often violate parity laws).

  4. Bob is still unemployed   says:

    With Google Glass, the doctor can see you now (

    “Computerworld – As an emergency room physician rushes to a patient, he glances at a QR code by the door to the patient’s room and immediately can see the man’s medical history and the nurse’s notes.

    “The information, which the doctor can see without ever looking away from the patient and may help save the patient’s life, was accessed via Google Glass.

    “This isn’t a dream scenario for doctors at Beth Israel Deaconess Medical Center in Boston. ER doctors there are four months into a pilot program in which they’re using Google’s computerized eyeglasses to help treat patients….”

  5. VennData says:

    Trish Reagan demolishes the un-defend-able Automobile Dealers Association

  6. swag says:

    Thursday oligarchy blogging: Leonard Cohen “Everybody Knows” (live, 1988)

  7. OkieLawyer says:


    Have you discussed the Divergent Theory of stocks yet? I would be interested in your take on it.

  8. RW says:

    Two Things to Watch and One to Listen To

    Somehow, the people who are worried about the deficit think that they’ve got some kind of monopoly on morality in terms of the way we care about our children. I’m here to tell you that from the point of view of my children I am a lot more worried about bequeathing them no investments in the advancement of science, bequeathing them a vast bill for deferred maintenance, bequeathing them a starved public sector that no longer functions because of attrition of all the most able civil servants, than I am bequeathing them paper debt that’s accumulating interest at less than 1 percent in real terms.

  9. DeltaV says:

    D*** you, Barry. Once again you have posted meaningful thoughts, and forced me to add to my bookmarks.
    Actually, I like Bill O’Reilly. (I hope this does not mean a ban is coming my way.) I also like Colbert. I love Jon Stewart because (as your referenced blog indicates) he is anti-corruption. Once we fix the corruption, everything else is easy. And the corruption is everywhere.

  10. Jim Hancock says:

    Hi Barry …this TED talk got banned for some unknown reason…
    You should post this imho: