Author Archive

10 Weekend Reads

Quite a week this was. Settle into to your favorite easy chair, pour yourself some fresh brewed Sumatra, and enjoy these longer form weekend reads:

• In Greenbacks We Trust (NYT Magazine)
False Hope: Most trading strategies are not tested rigorously enough (The Economist)
• Dark Leviathan: The reluctant king of the hidden internet (Aeon)
• The Great SIM Heist: How Spies Stole the Keys to the Encryption Castle (First Look)
• Poison Pill: How the American opiate epidemic was started by one pharmaceutical company. (Pacific Standard) see also Vitamins Are a Waste of Money—And They’re Not Helping You, Anyway (The Atlantic)
• Whatever happened to the teenage entrepreneurs whom Peter Thiel paid to forgo college? The Rich Man’s Dropout Club (Chronicle of Higher Education)
• What do you think about machines that think? (Edge)
• The CIA’s secret psychological profiles of dictators and world leaders are amazing (MoJo)
• One Man’s Quest to Rid Wikipedia of Exactly One Grammatical Mistake:  Meet the Ultimate WikiGnome (Medium) see also User: Giraffedata (Wikipedia)
• The Long, Strange Purgatory of Casey Kasem (GQ)

This weeks Masters in Business podcast is with Joe Saluzzi of Themis Trading. (Full series is here).


S&P 500 Returns During the QE Era

Source: Bianco Research

Category: Financial Press

Leonard Nimoy, Spock of ‘Star Trek

Leonard Nimoy, Spock of ‘Star Trek,’ Dies at 83

Source: NYT

Category: Television, Video

Succinct Summations of Week’s Events 2.27.15

Succinct Summations week ending February 27th Positives: 1. The Nasdaq Composite just had its highest monthly close ever. 2. Durable goods orders increased 2.8% vs 1.6% expected 3. Case-Shiller home prices rose 0.87% m/o/m and 4.46% y/o/y, both above estimates. 4. Core consumer prices rose 0.2% m/o/m vs +0.1% expected. 5. Pending home sales grew…Read More

Category: Markets

Don’t Make the Trading Gods Laugh

Today’s discussion is aimed at the individual investor, though certainly the professionals might take something from our philosophical musings this morning. The bull market that dates to March 2009 is now entering one of its more interesting — and perhaps dangerous — phases. Not hazardous, mind you, from a market perspective, but from a behavioral…Read More

Category: Cognitive Foibles, Investing, Psychology, Really, really bad calls

10 Friday AM Reads

A long week skitters to an end. And, our morning train reads: • America’s trading desks are imploding (Quartz) • On the Extremes: Dont take a permanent bearish directional bias on life (Pragmatic Capitalism) • As Hedge Fund Returns Falter, Money Continues to Flow In (NYT) • Something economists thought was impossible is happening in Europe (Vox) • Housel: The Blind Forecaster (Fool)…Read More

Category: Financial Press

Alfa Romeo Tubolare Zagato Coupé TZ1















Source: Classic Driver

Source: The Telegraph


Videos after the jump

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Category: Weekend

Wozniak: Net Neutrality Decision Is Victory for Consumers

Source: Bloomberg

Category: Video, Web/Tech

Nikkei 225: Breaking Out into New Secular Bull Market?

Nikkei 225: Potential breakout into a secular bull market Source: Bank of America Merrill Lynch     We continue to favor Japan’s Nikkei 225. The Nikkei 225 is pushing above the 2007 high of 18,300, which has the potential to end the secular bear market for Japan that began in 1989. This is a focus…Read More

Category: Markets, Technical Analysis

Fed Gives Congress Room to Shirk Resposibility

One of my favorite thought experiments is the careful-what-you-wish-for scenario. I was reminded of its utility during Federal Reserve chief Janet Yellen’s Congressional testimony the other day. Consider the critique of the Fed by some members of Congress. As the New York Times described it, the three-hour hearing was “testy” as “Republicans on the House Financial…Read More

Category: Bailouts, Politics, Really, really bad calls, Taxes and Policy

10 Thursday AM Reads

I can tell you one thing: It’s good not to have a job that requires annual testimony in front of idiots. Selecting 10 bulleted morning train reads is much less stressful: • Can stocks rise in spite of weak earnings growth? (SKrisiloff) • What is Google’s Market Share for Search? (Priceonomics) see also YouTube: 1 Billion Viewers, No Profit…Read More

Category: Financial Press