Quote of the day

Joel Greenblatt, “If you want to get good at investing, read a lot and practice a lot.”  (Market Folly)

Chart of the day

Putting the pullback in Apple in perspective.  (Afraid to Trade also Peter Brandt)

Markets

A look behind the valuation of the components of the big bond indices.  (Inside Investing)

The Pimco Total Return Bond ETF ($BOND) has quickly amassed $3 billion in assets.  (Bloomberg)

Five years ago today the S&P 500 topped out.  (Crossing Wall Street)

Nine mistakes a great trader never makes.  (Brian Lund)

Taking losses

David Einhorn, “What do you call a stock that’s down 90%? A stock that was down 80% and then got cut in half.”  (The Reformed Broker via Big Picture)

Traders biggest problem is with taking losses.  (Joe Fahmy)

Wealthfront is automating tax-loss selling.  (TechCrunch)

Strategy

Mean-variance optimization doesn’t work: some alternatives.  (SSRN)

Investing is all about playing the expectations game.  (Musings on Markets)

Is a margin loan any different than a mortgage loan?  (Nerd’s Eye View)

How the affect heuristic clouds our judgment.  (The Value Perspective)

Companies

Apple ($AAPL) is being traded quite intensively of late.  (research puzzle pix)

Five things to know about the Solar City ($SCTY) IPO.

Finance

What do investment bankers actually do?  (Planet Money)

What companies are saying when they withdraw their IPO due to “adverse market conditions.”  (Kid Dynamite)

Economy

The case that unemployment isn’t as bad as commonly thought.  (FT Alphaville)

Peak Oil keeps shifting around.  (Capital Spectator)

Earlier on Abnormal Returns

Who are the five best financial bloggers?  (The Reformed Broker)

The low volatility anomaly in the spotlight.  (Abnormal Returns)

What you missed in our Tuesday morning linkfest.  (Abnormal Returns)

Health science

The “quantified life” is coming closer to reality.  (VentureBeat)

Once the privacy issue is licked we could soon have doctors texting patients.  (Businessweek)

Some day soon breath tests could be used to diagnose a range of conditions including cancer.  (WSJ)

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