Lawrence C. Strauss in catches up with legendary hedge fund manager Michael Steinhardt who believes today’s hedge fund managers are “extraordinarily well-compensated” and “We’re not too far from the end of the bull market.”

Roger Ehrenberg at Information Arbitrage finds three items in Barron’s, including the Steinhardt piece, worth noting.

Karen Richardson at reports that the search for Warren Buffett’s replacement is bringing out all comers.

Mark Hulbert in the New York Times on the “Peter Principle” and the mutual fund performance.

Going Private on stub equity and private equity’s persistent PR problems.

Is “obscene” compensation becoming a PR problem for the hedge fund industry? (via DealBook)

Ticker Sense breaks down overbought/oversold levels by industry.

J. Alex Tarquino in the New York Times on whether a company’s high dividend yield is sustainable or not.

Barry Ritholtz at the Big Picture no some alternate ways of looking at the performance of the headline indices.

James Hamilton at on the rising level of the “Recession probability index.”

Paul Kedrosky at Infectious Greed thinks Daniel Gross’ new book, Pop! Why Bubbles are Great for the Economy is worth a read.

Felix Salmon at Market Movers on use of principles-based regulation and the Apple (AAPL) options backdating scandal.

Vivian Marino in the New York Times on the growing importance of “green” design and construction for commercial property, including REIT, owners.

Andrew C. Revkin in the New York Times asks, “But is the carbon-neutral movement just a gimmick?”

Steve Walters at the Wages of Wins on how “Sports teams are no longer a way of making a fortune. They’re a way of enjoying a fortune.”

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