Settle in for some deep dives: Its our longer form, weekend reading:

• The Moneyball of Quality Investing (Research Affiliates)
• Instagram is ready to take its shot (Fortune)
• Inside Monsanto, America’s Third-Most-Hated Company (Businessweek)
• A Dozen Things I have Learned from Jeff Bezos (25iq)
• Zoo Animals and Their Discontents (NY Times)
• Secrets of the Creative Brain (The Atlantic)
• Sigmund Freud, the Never-Ending Storyteller (VQR)
• How Did Cool Become Such a Big Deal? (NEH)
• Best photos of the 2014 World Cup (The Atlantic)
• Why Classic Rock Isn’t What It Used To Be (FiveThirtyEight)

Whats up this weekend?


Inflationary trends have picked up in 2014

Source: Fidelity


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.

12 Responses to “10 Weekend Reads”

  1. hue says:

    God Loves Cleveland: Why LeBron James — unparalleled NBA genius, heir to Michael (and Larry and Magic) — went home (Grantland)

    “For that reason and many others, I am never seeing a better basketball player than Michael Jordan. I am 44 years old and I know this to be true. Remarkable athlete, exceptional talent, insanely hard worker, homicidal competitor, and yes, an unequivocal genius. Whenever the subject turns to heirs to Jordan’s throne, you can always count on Collins reacting like someone were hitting on Mrs. Collins. He takes it personally. He really does.

    ‘I was there,’ Doug Collins will tell you. ‘We need to stop comparing people to Michael. We are NEVER seeing that again.’

    He believes it’s true, and he believes it because it’s true. Michael Jordan was a genius, and maybe he was better than even that. From December 1990 through the 1998 Finals, not including his baseball sabbatical, the Chicago Bulls never lost three straight games with Jordan. Given the unforgiving NBA schedule, nonstop travel and general wear and tear, that’s basically impossible. But it happened. The man hated losing THAT much. Either he brought the best out of a teammate or he dumped that teammate like a showrunner killing off a struggling character. Keep up or get out.”

    Watching the Finals this year, I kept thinking no way MJ would lose like that, get blown out like that. He would score everything point, take every shot if he had to. The Bulls paid Jordan made $33 million in 1997.

    Richard Linklater on Why Boyhood Isn’t the Film You Think It Is (Vulture)

    “Every movie is a time capsule in its own inadvertent way, but Richard Linklater makes his films like that on purpose. The 53-year-old director memorably chronicled the effect of time on relationships through his three Before Sunrise films, but he’s attempting something even more ambitious with Boyhood, a coming-of-age tale that Linklater shot in small installments over 12 years. It’s fascinating to watch the main character Mason (newcomer Ellar Coltrane) grow up over time.”

    Linklater is a tweener. BR tweeted this photo, going to pick up Aerosmith tickets? like in Dazed and Confused. Waking Life is awesome, too.

    A Poem From the Comments Section of Martha Stewart’s Drone Post (The Hairpin)

  2. VennData says:

    David Skinner’s article for NEH on cool that states John Wayne is somehow cool is about the stupidest thing I’ve ever heard.

    John Wayne, cool? He’s a garbeled mouth doofus, a cowboy cartoon. A fictional dolt from Iowa. A orthodontic jaw appliance that walks like he’s on a Slippy Slide.

    John Wayne cool? He’s an ass.

  3. DeDude says:

    Let me try to get the logic. Increasing deficits when you fight wars of choice or give tax brakes to rich people and corporations is the road to Nirvana. However when you increase deficits because of giving breaks or benefits to regular folks or fixing the US infrastructure, then deficits are a disaster that will destroy the country. I don’t know which is worse, that they think people are to stupid to understand what is going on, or that they seem to be right that people actually are that stupid.

    Perhaps they are waking up to the idea that if they have both the House and Senate then they will be held responsible for the economy.

  4. VennData says:

    Perry Hammers Rand Paul on Military intervention

    Anyone who thinks Rand Paul has a chance in the GOP is delusional.

    The GOP is not Libertarian: weed, abortion, military, corporate cronyism like the Ex-Im bank, gay rights, regressive taxation, Wall Street bailouts…

    You’re crazy if you think the GOP is a free market, don’t tread on me, freedom loving Tea Party. But don’t let your emotions from looking at the facts GOP voter. You haven’t yet.

  5. RW says:

    There can be a lot of bullshit generated in any heated debate as opponents attempt to win w/ their POV and most of the time it probably doesn’t matter much: The passion either dies (and sometimes those arguing do too) or people increasingly ignore the yelling (tendentiousness is tedious) or both.

    The climate change debate certainly meets that description but if global warming is even half true — and the science is settled that it is at least that and probably more — it would be profoundly unsane to ignore it. Yet for some reason there are precious few resources that not only attempt to connect all the significant dots but do so in direct language while also correcting the many misconceptions generated in the heat of debate.

    The series at this site fills the bill: A long read as a whole but laid out in bite-sized chunks within three larger sub-sections.

    The Road from Carbonville: A New Series on the Misconceptions Surrounding Climate Policy and How to Avoid Them

    The Science (in a nutshell):
    a. Carbon and Climate in the Very Long Run
    b. In the Future, All Spell-Checkers Will Recognize Biogeochemical Cycling
    c. Climate Change: Why Fatalism Could Be Fatal

    Misconceptions (myths and misunderstandings):
    1. Climate change is a pollution problem.
    2. We need to set an emission target for 2030/2040/some other year to limit climate change.
    3. Measures that reduce our dependence on fossil fuels mitigate climate change.
    4. Reforestation can play a big role in combating climate change.
    5. Personal change will solve the climate problem.
    6. People who drive SUV’s are causing climate change; people who drive electric cars are the ones helping to solve the problem.
    7. The goal is for every organization to become carbon neutral.
    8. Local direct action against carbon-emitting projects will stop climate change.
    9. Investing in clean technologies will solve the climate problem.
    10. To set the proper climate policy we need to know the social cost of carbon.
    11. Done right, climate policy can be nearly costless.
    12. Economic growth is the underlying problem behind climate change.
    13. Population growth is the underlying problem behind climate change.
    14. Greedy oil companies are preventing action on climate change.
    15. Carbon permits will just be a new source of financial speculation.
    16. Carbon taxes are so much better than carbon permits as a basis for climate action.
    17. Carbon taxes are a great way to raise money for green projects.
    18. All we need to do is put a price carbon; the rest of the problems will take care of themselves.
    19. Unless all countries agree to act on climate change, any national action is useless.

    A Pragmatic Solution:
    A non-misconceived agenda for combating climate change.

  6. farmera1 says:

    A Vanguard take on indexing (Vanguard, Bogle pretty much invented indexing).

    Vanguard and ETFis are sucking up invested funds at a prodigious rate.

    “For the six years ended 2013, passively managed funds, including index mutual funds and exchange-traded funds (ETFs), garnered $1.37 trillion in net new cash flow. Actively managed funds garnered $429 billion in net new cash flow for that period. (The categories covered include all funds focused on U.S. stocks, non-U.S. stocks, U.S. equity sectors, alternatives, and taxable bonds. Source: Morningstar.)”

    I always get nervous when things are wildly successful/growing seemingly to the sky. That is said by someone that has money in Vanguard and has had for several decades. When I start to hear numerous people in my life talk about Vanguard and ETFs and the advantages of low cost investing (or any investment idea for that matter), I get nervous. I’m now nervous. I’ve recently have had several people explain to me about the advantages of investing in Vanguard and they have moved their money to Vanguard.

    It’s easy to be too early in these types of things, but extreme growth of investing ideas always seems to end up badly.

  7. Jojo says:

    This European court ruling is opening up a whole slew of unintended consequences!
    We need to talk about the right to be forgotten
    After the European court ruling, we at Google want to encourage debate on where the public interest lies in restricting web searches

    David Drummond
    The Guardian, Thursday 10 July 2014

    When you search online there’s an unwritten assumption that you’ll get an instant answer, as well as additional information if you need to dig deeper. This is all possible because of two decades’ worth of investment and innovation by many different companies. Today, however, search engines across Europe face a new challenge – one we’ve had just two months to get our heads around. That challenge is figuring out what information we must deliberately omit from our results, following a ruling from the European Union’s court of justice.

    In the past we’ve restricted the removals we make from search to a very short list. It includes information deemed illegal by a court (such as defamation), pirated content (once we’re notified by the right’s holder), malware, personal information such as bank details, child sexual abuse imagery and other things prohibited by local law (such as material that glorifies Nazism in Germany).

    We’ve taken this approach because, as article 19 of the Universal Declaration of Human Rights states: “Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.”

    But the European court found that people have the right to ask for information to be removed from search results that include their names if it is “inadequate, irrelevant or no longer relevant, or excessive”. In deciding what to remove search engines must also have regard to the public interest. These are, of course, very vague and subjective tests.


  8. Jojo says:

    Now this is a real drone!
    A Drone For Dangerous Missions
    The Ares drone lands like a chopper, so it can enter and exit a dangerous spot quickly

    Posted 05.29.2014

    [Follow link for graphic]

    As early as next year, the Depart­ment of Defense will test-fly an entirely new type of combat drone. The craft is called Ares, for Aerial Reconfigurable Embedded System, and it’s designed to take off and land vertically. Unlike airplane-esque drones, which are cumbersome to launch and land, Ares could drop into a tight spot, unload supplies or rescue soldiers, and then zip up and away.

    The remote-controlled prototype, now under construction by helicopter manufacturer Piasecki Aircraft and defense giant Lockheed Martin, relies on two massive, articulating ducted fans for lift and forward thrust in flight, much like the tilt-rotor Osprey used by the Marines. If all goes as planned, a fully autonomous production version is next, capable of carrying up to 3,000 pounds and forever changing the art of warfare.

    Ares Combat Drone
    Weight: about 7,000 lbs.
    Payload: 3,000 lbs.
    Wingspan: 42 feet
    Range: 250 nautical miles
    Top speed: 230 mph

  9. Crocodile Chuck says:

    things that make you go, hmm….

    how much DID monsanto pay for that bw profile?

    & extra credit for bw’s trolling headline.