Palash R. Ghosh, “The correlation between U.S. and foreign stock markets, even the emerging markets, has become so strong as to render almost meaningless the concept of geographic investment diversification and asset allocation.”  (WSJ)

Eric Jackson, “Survivorship bias leads to celebrating the winners and — usually — overinterpreting their moves leading up to their success and trying to apply these actions to future situations.”  (Ironfire Capital)

The role of experience on a trader’s Sharpe Ratio.  (Alea Blog also New Rules of Investing)

David Varadi, “No one seems to be able to resist a straight line equity curve even at the expense of lower returns. The straighter the equity curve the less questions people ask about how the returns were generated.”  (CSS Analytics)

How using “multiple modes of information processing” can help you generate novel ideas.  (TraderFeed)

Three big ETF providers still have 85% of assets under management.  (Morningstar)

Ten myths about ETF investing.  (ETF Database)

Some sell ideas for Warren Buffett.  (24/7 Wall St.)

The risks of the carry trade are real.  (FT Alphaville)

On the relationship between mental illness and portfolio risk taking.  (SSRN)

Historically how have long-term government bonds performed in upward sloping yield curve environment?  (Free exchange)

Is the swaps market too big to ban?  (The Money Game)

Another use for Goldman Sachs (GS) bonus money.  Pay down the firm’s TLGP borrowings.  (Zero Hedge)

Were Wall Street pay packages to blame for the financial crisis?  (Guardian)

Barry Ritholtz, “Here’s a candidate for the understatement of the year: The Federal Reserve is concerned that their free-wheeling, money-printing, dollar-destroying, quantitative-easing, zero-percent interest rate policy might be “fueling undue financial-market speculation.”  (Big Picture)

The Fed has a natural exit strategy.  (Bronte Capital)

David Altig, “When the economy is struggling along—when consumer spending is muted and businesses’ taste for acquiring investment goods is restrained—the demand for loans sags. All else equal, interest rates fall.”  (macroblog)

What is the Lynch Amendment and why should you support it?  (Rortybomb also The Stash)

Current economic growth just won’t cut it.  (Tim Duy)

An interesting state-by-state look at coincident economic activity.  (Calculated Risk)

Joshua M. Brown, “Recession: A period of time during which stocks put on furious ten-month rallies, accompanied by insane runs higher by bonds and commodities on a global basis.”  (The Reformed Broker)

Some perspective on economic disasters from This Time Is Different.  (Aleph Blog)

Is the “paradox of choice” really a paradox?  (FT)

Does the world need an “iTunes for magazines“?  (Atlantic Business)

Are investors on the secondary market overvaluing Facebook and Twitter?  (peHUB)

Facebook inches closer to a public offering.  (NYTimes, MarketBeat)

Why Foursquare aspires to be the “Netflix of places.”  (GigaOM)

Another good blog is crossing over.  (Across the Curve)

Giving thanks should not be reserved for Thanksgiving Day.  (The Financial Philosopher via Kirk Report)

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