Apparently Dr. Copper’s PhD is legit.  (Crossing Wall Street)

How Vanguard won the past decade.  (Morningstar)

Junky, i.e. low price-to-book value, banks catch a bid.  (The Money Game)

John C. Ogg, “The [Berkshire Hathaway] A-shares at this point may represent nothing more than a vanity position”  (24/7 Wall St. also Bespoke)

Hedge fund inflows are back to pre-crisis levels.  (FINalternatives)

Hedge funds are long the wireless tower companies.  (market folly)

If investors focus on the employment situation they will miss the earning boat.  (A Dash of Insight)

What traders can learn from gamblers.  (Options for Rookies)

Why the investment industry should undertake “unbiased industriousness.”  (the research puzzle)

What do changes in implied options volatility tell us about future stock returns?  (CXO Advisory Group)

Are the new natural gas extraction techniques risking water pollution?  (WSJ)

Demonstrating loss aversion in options pricing.  (SSRN)

Michelle Leder, “Boards of directors who seem to take up time and space and provide little value to shareholders, even as they collect hefty salaries for what can charitably be called a part-time job.”  (footnoted)

Record earnings at Goldman Sachs (GS) forces the company to sacrifice compensation to appease the populists.  (NYTimes also Deal Journal, Felix Salmon)

The Obama administration looks to get the banks out of the prop trading business.  (WSJ also FT Alphaville, Rortybomb)

The financial sector doesn’t like what it is hearing.  (MarketBeat)

Is Paul Volcker finally driving the discussion on financial institution reform?  (Huffington Post also Marginal Revolution)

Might Bank of America (BAC) spin-off Merrill Lynch?  (Clusterstock)

Why hasn’t the NBER declared this recession over already?  (Big Picture)

The FHA realizes it has a problem.  (Clusterstock, Atlantic Business, Curious Capitalist)

No matter how much liquidity a market boasts, it will never be enough when everybody wants to get out at once.”  (Epicurean Dealmaker)

“It appears that Chavez is about to achieve dysfunctional petrostate status for Venezuela.”  (Gregor Macdonald)

Can Apple (AAPL) transform other media like it has the music industry? And Amazon (AMZN) fights back.  (WSJ also Silicon Alley Insider)

John Gruber, “Default search is important.” (Daring Fireball also Feeling Lucky, BusinessWeek)

The New York Times (NYT) pay-meter debate summarized.  (GigaOm)

Will bloggers benefit if more newspaper sites go behind a pay wall.  (Ezra Klein)

Our long national nightmare is over.  Conan signs an exit deal with NBC.  (The Daily Beast)

Interesting backstory on the guy who plays Dunder Mifflin CFO David Wallace.  (Speakeasy)

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