Warren Buffett uses his annual shareholder’s letter (PDF) as a help wanted ad for some one to eventually take over his investment duties. (via Wall Street Journal)

DealBook takes a peek at Warren Buffett’s “wish list.”

Warren Buffett on the “folly” of the current hedge fund craze. (via FT Alphaville)

Investment Ideas by Yaser Anwar compares the strategies of Buffett and Eddie Lampert.

Justin Fuller at Morningstar.com breaks down Berkshire Hathaway’s portfolio of publicly traded stocks.

Will rallies from here fail?  (via MarketBeat)

Ticker Sense asks, “(W)here do 3%+ declines usually occur during bull and bear markets?

Jim Jubak at MSN Money on the next emerging market that could blow up next.

Eddy Elfenbein at Crossing Wall Street identifies a scapegoat for the market’s problems of late.

All About Alpha on a research paper that identifies “primitive trading strategies” that helps distinguish alternative alpha from “accidental alpha.”

Chet Currier at Bloomberg.com on the largely fruitless quest for alpha by money managers.

Dailyii.com on the “race to commercialize synthetic hedge funds.”

Houman B. Shadab at American.com on whether there should be a “one size fits all” disclosure requirement for hedge fund managers.

Adam Warner at the Daily Options Report on why VIX options are flawed vehicles.

Roger Nusbaum at TheStreet.com reassesses international diversification in light of big one-day market moves.

Tom Lydon at ETF Trends on an interesting new ETF based on “relative strength”, the downside being the security selection process is “proprietary.”

Brett Steenbarger at TraderFeed on integrity and the “trading industry.”

Aaron Pressman at BusinessWeek.com on the less than propitious timing of some recent closed-end fund IPOs.

The Economist on how private equity is coming under attack and how they are responding in a “green” fashion.

Arik Hesseldahl at BusinessWeek.com on what Apple Inc. should do with its growing cash hoard.

Robert Young at GigaOm asks: “Is Google a media company?”

Going Private has readers in high places.

Thanks for checking in this week with Abnormal Returns. You can stay up-to-date with all of our posts via our feed.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.