Quote of the day
Eddy Elfenbein, “A bubble is a bull market in which you don’t have a position.” (Twitter)
Chart of the day
Small cap stocks are no longer leading the rally. (StockCharts Blog also MoneyBeat)
Markets
Is the median S&P 500 stock overvalued? (Mebane Faber)
The term bubble is way overused. (Dragonfly Capital)
Jeff Miller, “When a market theme hits USA Today, it is too late for action.” (A Dash of Insight)
Wet corn fields=high propane prices: the link. (WSJ)
Why interest rates look like they are headed higher once again. (StockCharts Blog)
Covenants? We don’t need no stinkin’ covenants! (Sober Look)
Strategy
Why investors continue to underperform their funds: poor timing. (Jason Zweig)
Now is the time to start thinking about profiting from year-end tax selling. (Mark Hulbert)
John Rekenthaler, “Managed-futures funds are a mess. ” (Morningstar)
Meet some mangers hanging out in cash. (Barron’s)
The financial crisis should have taught investors what they can (and can’t) control. (WSJ)
A nice review for John Mihaljevic’s The Manual of Ideas: The Proven Framework for Finding the Best Value Investments. (Aleph Blog)
Companies
T-Mobile is trying to crash the wireless business model. (Businessweek also Barron’s)
Maybe Twitter ($TWTR) just isn’t a mainstream service. (The Atlantic)
Google’s core products seem to be degrading over time. (TechCrunch)
Apple fans wish the company would be more like Google ($GOOG). (Pando Daily)
Finance
Why hedge funds aren’t advertising…yet. (New Yorker)
Is crowdfunding for companies that can’t raise money otherwise? (New Yorker)
Economy
US capital stock just keeps on getting older. (FT Alphaville)
A look back at the economic week that was. (XE)
The economic schedule for the coming week. (Calculated Risk, Turnkey Analyst)
Earlier on Abnormal Returns
What books Abnormal Returns readers purchased in October 2013. (Abnormal Returns)
What you may have missed in our Saturday linkfest. (Abnormal Returns)
Top clicks this week on the site. (Abnormal Returns)
Mixed media
How day trading almost killed James Altucher. (TechCrunch)
Should you take money from an investor you don’t like working with? (HBR)
On the difference between tenacity and persistence. (Seth Godin)
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