As it happens a number of items today are not all that investment related. We thought you needed the break.
Edward Chancellor of breakingviews writing in the Wall Street Journal rains on the normally positive response to the Berkshire Hathaway shareholder meeting. While acknowledging Buffett's tremendous long term record he notes the relatively low "batting average" of late and the hope of many shareholders that Buffett has a few more good swings of the bat left.
Jeff Matthews does not think much of the stock market rally based in part on Buffett's potential acquisition, but does have kind words for Buffett's longer term market strategy.
Scott Burns thinks the world has "..too much money is chasing small opportunities with big risks." This makes for eerie parallels to 1987.
Going Private has a good motto for aspiring prognosticators.
Lisa Scherzer at SmartMoney.com talks with Richard Ferri, author of "All About Asset Allocation," and asks the question – "What distinguishes asset allocation from simple portfolio diversification?"
DealBook tracks down yet another inflated market – contemporary art.
Tim Harford, via a piece in the Financial Times, explores the value of game theory in the new (and expanded) world of competitive poker.
Paul Krugman in the New York Times positively reviews the new book "Knowledge and Wealth of Nations" by David Warsh on a significant change in economic thinking.
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