10 Sunday Reads

Round out your weekend with our Sunday morning reads:

• Financial Advisers Don’t Care About Millennials, and the Feeling Is Mutual (Bloomberg)
• You wanna be right? Or make money? (Adam Grimes) see also Finding the Limitations in Your Investment Process (WOCS)
• Why Stocks Belong in a Retirement Portfolio (NYT)
• The View from the Front Seat of the Google Self-Driving Car (Medium)
• “Vanity capital” is the new metric for narcissism, and its value is greater than Germany’s GDP (Quartz)
• The Verbally Challenged John Taylor Strikes Again (Uneasy Money) see also John Taylor Misunderstands Hayek (Uneasy Money)
• Is David Gurle’s Symphony a Big Threat to Bloomberg? (Institutional Investor)
• Feds Tell Insurers To Pay For Anesthesia During Screening Colonoscopies (NPR) but see also Obamacare making insurers more responsive, efficient (MarketWatch)
• Göring’s brother was another Schindler: A German book reveals how Albert Göring saved the lives of dozens of Jews (The Independent)
• The Magic of Moss and What It Teaches Us About the Art of Attentiveness to Life at All Scales (Brain Pickings)

What are you reading?

 

Global Gold Demand Falls

Source: WSJ

 

Category: Financial Press

Slow Light

On an astronomical scale, light is tediously slow:

Source: One Universe at a Time

 

Category: Science, Video, Weekend

Spectre: Aston Martin vs Jaguar in new James Bond film

Category: Film, Weekend

Letterman was once a religion . . .

It used to be a religion. That’s right, late night started with Steve Allen, matured with Johnny Carson and ended with David Letterman. There are people on at 11:35 now, even 11 and 12:35, but they’re poseurs, inheritors of a throne no one pays fealty to anymore, despite a fawning press gushing in adulation, trying…Read More

Category: Humor, Television, Think Tank

MiB: Bill McNabb, CEO of Vanguard Group

This week, our Masters in Business radio podcast, we speak withBill McNabb, chief executive officer and chairman of Vanguard Group. He has a message for the fund industry:  “We are not done on the cost side,” he said in an interview earlier this week as part of the Masters in Business series. “We think we need to keep raising the…Read More

Category: Podcast

10 Weekend Reads

The weekend is here at last! Pour yourself a big mug of steaming black Sumatra coffee, and settle in for our expertly selected long form weekend reads: • Why Can’t America Have Great Trains? A Washington Mystery. (National Journal) • Tomorrow’s Advance Man: Marc Andreessen’s plan to win the future. (New Yorker) • Part 1 of The Rise & Fall of Silk…Read More

Category: Financial Press

Huge School of Bobular Rays off the Coast of Baja

Nrom Nat Geo’s Untamed Americas, this enormous school of mobular rays has arrived off the coast of Baja. About one minute into the video they take to the air.

 


Source: RainForest

 

That looks like fun! Weather permitting, I will be swimming with a pair of Manta Rays later today . . .

Category: Science, Video, Weekend

B.B. King: You’re Gonna Miss Me

You’re Gonna Miss Me

Read More

Category: Friday Night Jazz, Music, Weekend

Succinct Summations of Week’s Events 5.15.15

Succinct Summations week ending May 15th Positives: 1. The S&P 500 hit a new all-time high. 2. EU GDP rose 1% y/o/y. 3. NFIB small business optimism index rose to 96.9 4. Initial jobless claims came in at 264k, the 4-week moving average is the lowest it has been since April 2000. 5. Empire state…Read More

Category: Markets

Economy: Hot Enough for Stocks, Cool Enough for Bonds?

My hit today with Pimm Foxx and Betty Liu: Source: Bloomberg May 15, 2015, 12:30 PM EDT

Category: Asset Allocation, Fixed Income/Interest Rates, Media