“ALL MODELS ARE BY DEFINITION WRONG. They are approximations, a numerical depiction of a small portion of universe.”  (Big Picture)

Being a short seller is never easy, especially when regulators are looking for some one to blame after a market drop.  (Economist.com)

Wind energy is a hot commodity, hence the new First Trust ISE Global Wind Energy Index Fund (FAN).  (TheStreet.com)

Be wary of big IPO surges in emerging markets like Brazil.  (WSJ.com)

The perils of paying in stock for a “worthless business.”  (Jeff Matthews)

What stocks have ‘all-star managers‘ been buying?  (Morningstar.com)

Hedge funds can lose money, but you cannot lie to (or defraud) your limited partners.  (Market Movers also DealBreaker.com)

“Despite a rocky road for some bank-owned hedge funds, size continues to be an advantage.”  (All About Alpha)

“(C)ommodity prices are the result of portfolio shift against liquid assets by sovereign investors, sovereign wealth funds, partly triggered by lax monetary policy, especially in the US.”   (VoxEU via Economist’s View)

The Icahn Report™, reviewed.  (FT Alphaville)

Talk about a ‘lazy portfolio.’  (IndexUniverse.com)

Recent examples of momentum.  (Howard Lindzon)

A look at the endowment effect, and not it has nothing to do with either Harvard or Yale.  (Economist.com)

The economics of bananas.  (Freakonomics)

Nothing better than a scathing review of a really awful movie.  (Slate.com, NYTimes.com)

Have we missed an interesting post in the investment blogosphere? If so, feel free to drop Abnormal Returns a line.