10 Weekend Reads

Good Saturday morn. Settle into your favorite easy chair, pour a hot cup of Joe, and enjoy our longer form weekend reads:

• Tech Stocks: Sizing Up the New Bubble (Barron’s)
• Inside Elon Musk’s $1.4 billion score (Fortune)
• Fade to Black: Bill Gross Ends an Era (Chief Investment Officer) see also Fall of the Bond King: How Gross Lost Empire as Pimco Cracked (Bloomberg)
• Everybody wants to rule the world: Online businesses can grow very large very fast. Does it also make them unusual threats to competition? (The Economist)
• Diving with sharks and the joy of fear (Aeon)
• The Quiet German: The Astonishing Rise of Angela Merkel,The Most Powerful Woman in the World (New Yorker) see also Putin: How He and His Cronies Stole Russia (NYRB)
• How do you sell God in the 21st century? More heaven, less hell (The Guardian)
• Polar Bear Man (Vice)
• How dozens of failing for-profit schools found an unlikely savior: a debt collector (Washington Post)
• Inside Monopoly’s secret war against the Third Reich (EuroGamer)

Be sure to check out this week’s Masters in Business interview with real estate expert Jonathan Miller


Global Stock Market Valuation Ratios

Click for interactive graphic.

Source: Star Capital


Category: Financial Press

Muppets’ Hip Hop Hooray

A delightful mashup of Kermit, Fozzie Bear and Beaker covering ’80s classic, “Hip Hop Hooray.”

Category: Friday Night Jazz, Weekend

Succinct Summation of Week’s Events 12.5.14

Succinct Summations week ending December 5th Positives: 1. NFP came in at 321k far above 230k expectations. This was the strongest month since January 2012 and the best year of job creation since 1999. 2. S&P 500 and Dow Jones made new all-time highs for the fifth straight week. 3. Crude oil fell to the…Read More

Category: Markets

You Don’t Know Non-Farm Payrolls

  Over the years, I have spilled a lot of pixels on why the monthly obsession on NonFarm Payrolls is misplaced (See e.g., this, this and this). What matters is not any single data point, but the overall trend. And as we have seen since the trend reversed in 2010, that trend has become positive….Read More

Category: Data Analysis, Employment

How New York’s Skyline Will Look in 2018

Click for a bigger, readable version. Source: New York Post

Category: Digital Media

10 Friday AM Reads

Its the end of the week already? No worries, we have you covered with our hand crafted morning train reads: • One of the Most Famous Rules of Investing Might Be Totally Wrong (BusinessWeek) see also Diversification or Deworsification? (Dual Momentum) • Just Your Average V-Bottom (Dana Lyons) • Swedroe: Questioning Value Of Endowments (ETF.com) •…Read More

Category: Financial Press

1960 Porsche 1600

The design of this cute little predecessor to the 911 (its coming in 1963) has held up very well over time:   Source: Classic Driver Source: Classic Driver

Category: Weekend

Debt, Jobs, or Housing: What’s Keeping Millennials at Home?

Category: Employment, Real Estate, Think Tank

Montier: The World’s Dumbest Idea

The World’s Dumbest Idea John Mauldin December 4, 2014       In today’s Outside the Box the redoubtable James Montier of GMO lifts his lance to prick the underbelly of the Mighty SVM. (That’s Shareholder Value Maximization, for you newbies.) “The world’s dumbest idea” (among many candidates in the world of finance), says James,…Read More

Category: Really, really bad calls, Think Tank

10 Thursday PM Reads

My afternoon train reads: • The Red Cross CEO Has Been Serially Misleading About Where Donors’ Dollars Are Going (Pro Publica) • Why Chasing Hot Stocks Could Burn You (Motley Fool) • Wealthiest Families Cautioned About Impact-Investing Hype (Businessweek) • CEOs Manipulate News for Personal Gain, Study Finds (Barron’s) • Real-Estate Appraisals Are Bubbly Again (Bloomberg…Read More

Category: Financial Press