It’s Monday therefore the Carnival of Investing #30 is up over at Experiments in Finance.

In a couple of recent posts (here and here) we discussed the challenges in identifying fund companies that have an entrepreneurial spirit. The flipside of this problem is deciding when to dump an underperforming fund. Russel Kinnel at examines four measures for measuring underperforming funds from Bill Nygren.

Controlled Greed looks at the contrarian bent privately held mutual fund managers can take, including General Motors (GM).

The ETF bandwagon is growing. John Spence at reports on five new ETFs coming from Claymore Advisors LLC.

DealBook looks at whether private equity is simply chugging along, or in the throes of a bubble?

John Hussman at Hussman Funds reminds us that “idle cash” on the sidelines is not all that idle.

Jay Walker at the Confused Capitalist delves deeper into the limitations of the Kelly Criterion.

The “positive psychology” or “authentic happiness” movement has clearly broken into the mainstream. Jennifer Senior in New York magazine delves into the movement to see if can’t provide some measure of relief to a typical New Yorker. Ben Mathis-Lilley also in New York follows up with twenty strategies on to help achieve happiness, including this investment-related one:

If you’re on the fence about whether to sell your stock, sell it.
Most people predict that they’d be more unhappy if they sold a stock that went through the roof than if they kept one that tanked. They’re wrong—aggressive actions that go awry are mentally catalogued as valuable learning experiences.

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