Saturday links: limits and balance

The weekend is a great time to catch up on some long-form links you missed during the week. We think this should also include our new book, Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere. Enjoy.

Investing

John Bogle, author of The Clash of Cultures: Investment vs. Speculation, is worried about the future of the markets.  (NYTimes)

Tim, “An advisor that isn’t a fiduciary isn’t safe and a fiduciary that doesn’t understand the limits of efficient markets theory and can’t provide evidence for how they’re guarding against behavioral biases should be avoided.”  (The Psy-Fi Blog)

Nassim Taleb on why it is no longer a good idea to get into the investment industry.  (Fooled by Randomness via Money Game)

Five good questions for financial planning expert Michael Kitces.  (Above the Market)

Economy

The economic state of California is a study in contrasts.  (WSJ)

How deteriorating demographics will impinge on developed market economic growth.  (FT Alphaville)

The US is facing is the challenge of adjusting its expectations with reality.  (Wilson Quarterly via Arts & Letters Daily)

Pallets make the world go round.  (Slate)

Japan

How Japan lost it’s edge as the world’s leading electronics manufacturer.  (WSJ, part 2, part 3)

Has the harm from radiation released from Fukushima been exaggerated?  (WSJ)

Why don’t Japanese pop stars get to date?  (The Atlantic)

Sports

Why it is getting harder to forget about the problems and watch the NFL. (New York)

The neuropathologist that is trying to save the NFL from itself. (Grantland)

Can Urban Meyer succeed as a coach while living a more balanced life?  (ESPN)

History

Sandy Koufax was originally a better basketball player than baseball player. (NYTimes)

A profile of the “great” Charles Ponzi.  (Crime via The Browser)

How the Navy recovered a top-secret capsule at the time record depths.  (LiveScience)

Music

When prog rock was supposed to be the future of rock and roll.  (Slate, part 2, part 3, part 4, part 5)

Driving a tour bus ain’t what it used to be.  (Spin via Longreads)

Mixed media

Dads as full-time parents is a growing trend.  (NYTimes)

Chicken of the trees: why eating squirrels makes sense.  (Chicago Reader via Longform)

Who is behind Google’s ($GOOG) doodles?  (BBC)

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