Quote of the day
Barton Biggs, “As I reflect on this crisis period so stuffed with opportunity but also so full of pain and terror, I am struck with how hard it is to be an investor and a fiduciary.” (Big Picture)
Chart of the day
If you like Verizon ($VZ) maybe you should look at Vodafone ($VOD). (WSJ)
Markets
The fiscal cliff could hurt dividend payers, like utilities. (FT)
A summary of the Delivering Alpha conference. (Market Folly)
Strategy
On the proper use of financial history. (The Psy-Fi Blog)
Do deceptive CEOs give away the game on conference calls? (Turnkey Analyst)
Just because two stocks are in different industries doesn’t mean they aren’t correlated. (MicroFundy)
Companies
People are paying top dollar for LinkedIn ($LNKD) growth. (YCharts Blog)
Yahoo! ($YHOO) can’t be saved. (Reuters also peHUB)
Why Apple ($AAPL) is going to keep winning. (I Heart Wall Street)
Why Windows 8 made me sell Microsoft ($MSFT). (Vitaliy Katsenelson)
Finance
Libor needs a fix, but it won’t be easy. (WSJ, Baseline Scenario)
With Libor now under scrutiny, all eyes turn to credit default swaps. (Dealbook)
Why the SEC should ban the “advertising” of penny stocks. (Aleph Blog)
Dodd-Frank is two years old and nearly 9,000 pages of rules and regulation. (FT Alphaville)
So what’s wrong with Goldman Sachs ($GS)? (The Brooklyn Investor)
Funds
Your emerging market bond fund may own some illiquid stuff. (WSJ)
KKR ($KKR) is getting into the retail fund business. (WSJ)
Dorsey Wright is extending their relative strength process to a small cap ETF. (IndexUniverse, Systematic Relative Strength)
What we need is a better dollar index. (IndexUniverse)
Global
The carry trade has reversed as the Euro is now funding currency. (Sober Look)
Remember Spain? (Wonkblog, Sober Look)
Economy
Weekly initial unemployment claims were blah. (Calculated Risk, Capital Spectator, Bespoke)
It all depends on the model: why Peak Oil is still in play. (Econbrowser)
Rail traffic is still doing fine. (Dr. Ed’s Blog)
Earlier on Abnormal Returns
What you missed in our Thursday morning linkfest. (Abnormal Returns)
Mixed media
What motivates people to contribute to projects on Kickstarter? (Felix Salmon)
Why procrastination is good for you. An interview with Frank Partnoy author of Wait: The Art and Science of Delay. (Smithsonian)
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