Category: Think Tank

10 Monday PM Reads

My afternoon train reads: • S&P 500′s Rise at Five Times GDP Growth Shows Recovery Is Priced Into Stocks (Bloomberg) • Hedge Funds’ Assets Rise, Even as Gains Fall (Barron’s) • The Downside to Stock Buybacks (WSJ) see also Buybacks are a Capital Structure Decision not an Investment Decision (Expecting Returns) • This stock market index…Read More

Category: Financial Press

Ebola Outbreaks Map

Source: The Economist

Category: Digital Media, Science

Misunderstanding the Magazine Cover Indicator

One of the more infamous and misunderstood market signals is the magazine-cover indicator. Created by Paul Macrae Montgomery, this contrary indicator essentially tells us when some investment theme or fad has reached a crescendo. The thinking goes that by the time the editors of Time find out about some hot investing trend, it is all…Read More

Category: Contrary Indicators, Investing

10 Monday AM Reads

My morning train reads: • James Montier: Maximizing Shareholder Value Is The Dumbest Idea In The World (Business Insider) • My (Somewhat Tepid) Defense of Hedge Funds (AQR Capital) but see Seeking Clarity Within the Hedge Fund Mirage (Brandes Inst) • The marijuana industry could be bigger than the NFL by 2020 (Washington Post) • Housel: How…Read More

Category: Financial Press

The Signaling Channel for Federal Reserve Bond Purchases

Category: Think Tank

Why Is John Oliver So Good?

1. He tells a story. America is built on narrative. Although BuzzFeed has made inroads, it’s got no soul and no true fans, because the way you make people bond to you is by going deep, by hooking them and drawing them in like an angler lands a fish. You can’t be too aggressive, you…Read More

Category: Humor, Television, Think Tank

Why There Are Two Standards for Financial Advice

> My Sunday Washington Post Business Section column is out. This morning, we look at the various legal standards of care financial advisors must adhere to. The print version had the full headline Why Two Standards for Financial Advice? while the online version was Find a financial adviser who will put your interests first. As I…Read More

Category: Finance, Investing, Legal

10 Sunday Reads

Good Sunday morn. Pour yourself a mug of coffee and settle in for our our Easy like Sunday Morning reads: • Stocks Rally on Upbeat Earnings Reports (Barron’s) see also  Investors Resume Rush for Stocks, but Fears Lurk (WSJ) • The Truth Hidden by IBM’s Buybacks (DealBook) • Why Being an Entrepreneur Is Harder Than Running Merrill…Read More

Category: Financial Press

Chair Janet L. Yellen At the Conference on Economic Opportunity and Inequality, Federal Reserve Bank of Boston, Boston, Massachusetts October 17, 2014     The distribution of income and wealth in the United States has been widening more or less steadily for several decades, to a greater extent than in most advanced countries.1 This trend…Read More

Category: Federal Reserve, Think Tank