Quote of the day
Nicholas Colas, “It is OK to prepare for disasters; just make sure you plan for success as well.” (CNBC via Pragmatic Capitalism)
Chart of the day
Higher yields would be good news for the stock market. (StockCharts Blog)
Strategy
A great motto for investing: safety not guaranteed. (Above the Market)
The contrarian case for investing in Europe. (NYTimes)
Why we need to listen both critics and practitioners. (Chris Dixon)
Companies
RIP, Nokia (1965-2014). (Pando Daily)
CEO pay is going up despite all the talk otherwise. (NYTimes)
Finance
The Teacher Retirement System of Texas is making some Texas-sized bets. (WashingtonPost)
The crowdfunding revolution is real. (Economist)
Your feel-good Wall Street story of the day: a firm that hires wounded veterans. (NYTimes)
Funds
Apparently your manager can have too much skin in the game, although it depends on the game being played. (Jason Zweig)
Is there really pent up demand for mutual fund fees on fees on fees? (Covestor)
Big changes afoot at the JPMorgan Alerian MLP ETN ($AMJ). (Invest With an Edge)
Global
A Greek election preview. (A Dash of Insight)
Foreign capital is fleeing Europe. (Sober Look)
Europe needs a fully functional central bank. (Tim Duy)
What options does Europe have? (Econbrowser)
Economy
Why are we slowing down? (Bonddad Blog)
What cheap natural gas means for the US economy. (Econbrowser)
Industrial production still looks okay. (Calafia Beach Pundit)
Tyler Cowen, “The reason that we aren’t getting more expansionary macro policy is fundamental: a lack of trust.” (NYTimes)
Why US farmland is attractive: crop insurance. (FT)
Why we need to reduce the burden of licensing for many professions. (NYTimes)
Earlier on Abnormal Returns
Our Saturday catch-up linkfest. (Abnormal Returns)
Top clicks this week on the site. (Abnormal Returns)
Books
Michael Martin talks with Scott Patterson about his new book Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System. (MartinKronicle)
Adam Warner talks with Joe Saluzzi and Sal Armuk authors of Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio. (Minyanville)
Abnormal Returns is a founding member of the StockTwits Blog Network.
