Saturday links: sub-optimal risk taking

The weekend is a great time to catch up on some of the reading you skipped during the week.  We hope you enjoy this set of long-form links.


Andrew Haldane, “‘We have arrived at a situation in which the ownership and control of banks is typically vested in agents representing small slivers of the balance sheet, but operating with socially sub-optimal risk-taking incentives.”  (London Review of Books)

An exploration of low volatility investing.  (Advisor Perspectives)

Relative strength in portfolio management: a primer.  (Systematic Relative Strength)

Hedge fund manager Seth Klarman is in a battle over a Canadian mega quarry.  (Fortune)

Farming is the new banking.  (Reuters)


Is Apple ($AAPL) a software company or a hardware company?  (Daring Fireball)

How Nike ($NKE) has remade their marketing machine.  (Fortune via TRB)

On the huge opportunity standing before BillGuard.  (Pando Daily)

T. Rowe Price ($TROW) has found it tough going cracking the Indian market.  (WSJ)

How McKinsey & Co. “hijacked the NHS.”  (Daily Mail via The Browser)


Francis Fukuyama talks innovation and stagnation with Peter Thiel.  (The American Interest also Noahpinion)

Christina Romer with five books to help you understand the Great Depression.  (The Browser)

More money is not necessarily the best fix for US infrastructure.  (Bloomberg)

What does a post-campus America look like?  (Megan McArdle)

What would your plan for Greece be?  (Crooked Timber via TRB)


Jonah Lehrer, “The fatal misconception behind brainstorming is that there is a particular script we should all follow in group interactions.”  (New Yorker)

Alexandra Samuel, “The new unplugging doesn’t require you to quit Facebook or throw out your iPhone. What it requires is careful attention to the sources of our discomfort; to the challenging qualities of online interaction, or of simply living in a networked world.”  (The Atlantic)

What Jeremy Lin tells us about the difficulty in identifying talent.  (The Frontal Cortex)

How laptops transformed one school district (for the better).   (NYTimes via Apple 2.0)

Book excerpts

How companies learn your secrets an excerpt from Charles Duhigg’s The Power of Habit: Why We Do What We Do in Life and Business.  (NYTimes)

Excerpts from Tracie McMillan’s The American Way of Eating: Undercover at Walmart, Applebee’s, Farm Fields and the Dinner Table.  (Slate, part 2, part 3)

To what degree are musicians made or born, a look at Gary Marcus’ Guitar Zero: The New Musician and the Science of Learning Saturday links:  sub optimal risk taking.  (Brain Pickings)

The Wall Street bombing that made J. Edgar Hoover and the FBI.  An excerpt from Tim Weiner’s Enemies: A History of the FBI. (Bloomberg)

Mixed media

Author Tess Gerritsen on what constitutes a great thriller.  (The Browser)

The geography of investment grade wines.  (New Geography)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to If you click on my links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
  • Tadas ViskantaAbnormal Returns has over its seven-year life become a fixture in the financial blogosphere. Over thousands of posts we have striven to bring the best of the financial blogosphere to readers. In that time the idea of a “forecast-free investment blog” remains as useful as it did six years ago. More »

  • StockTwits Follow Abnormal Returns on StockTwits Follow Abnormal Returns on Twitter Follow StockTwits on Facebook Subscribe to Abnormal Returns RSS via Email Subscribe to Abnormal Returns RSS
  • Recent Posts

  • Archives

  • Join StockTwits
  • Get Updates!

    100% Privacy. We don't spam.