“Individual and professional investors alike struggle with selling.”  Especially at a loss.  (WSJ.com also Street Capitalist)

Global market returns since March 2003.  (Bespoke Investment Group)

Bailout the automakers?  No thank you.  (Mish)

Why hedge fund fees make sense.  (Odd Numbers)

Is farmland overvalued?  (Economist.com)

“Get financing when you can, not when you have to.”  (Aleph Blog)

Changing demographics and the structure of the economy make a recession call all the more difficult.  (Econbrowser)

The main insight from which Thaler and Sunstein proceed is that no decision setting is “neutral.”  A review of Nudge.  (NYTimes.com)

“The fundamental [macroeconomic] problem in the American economy is that, for years, people treated rising asset prices as a substitute for personal savings.”  (Marginal Revolution)

The back story behind the forthcoming authorized Buffett biography. (WSJ.com)

Are you curious what other bloggers are saying about Abnormal Returns? So are we. Feel free to check them out.