Charles Kirk, “I’ve learned that while many have the desire to be successful in the markets, when it comes right down to it they don’t fully understand and appreciate that they must also make tremendous amounts of sacrifice to achieve the goals they’ve set.” (Kirk Report)
Stock valuations are stuck in the middle. (Marketwatch)
Jeremy Grantham’s market calls are often early (and correct). (BusinessWeek)
Richard Ferri, “Active management is uncompensated risk. The odds are against picking a winning fund, and the payouts don’t justify the risk.” (Forbes)
More evidence that it is hard to beat the market. (Market Blog)
Three “fat tail funds” some one should start-up. (World Beta)
What mutual fund styles were the most “unloved” in 2009? (Morningstar)
Performance fees work. Why don’t more mutual fund companies adopt them? (Marketwatch)
Mutual funds following alternative strategies continue their growth. (DealBook)
The big boys are lining up to bet against the Euro. (WSJ also naked capitalism)
On the relationship between the Swiss franc and gold prices. (Trader’s Narrative)
More on the potential for a revaluation of the renminbi. (Money Supply, FT Alphaville)
Combining E/P and B/P works better than either one individually. (CXO Advisory Group)
Three scenarios for Apple’s stock price. (Apple 2.0)
News flash. $25 billion in cash comes in handy says Steve Jobs. (MarketBeat, Peridot Capitalist)
What to make of the back and forth between parent EMC Corp. (EMC) and VMWare (VMW)? (24/7 Wall St.)
A bullish reading from Nasdaq OMX Group (NDAQ). (footnoted)
In defense of the PowerShares CEF Income Composite Portfolio (PCEF). (IndexUniverse)
David Merkel, “When I was a bond manager, we had a rule for our analysts — ignore the rating, but read the write-up.” (Aleph Blog)
Does the government manipulate equity prices? (The Pragmatic Capitalist)
Do Hedge Funds’ Exposures to Risk Factors Predict Their Future Returns? (SSRN)
Inside the inner workings of SAC Capital. (BusinessWeek, Dealbreaker)
Are new short-selling rules the best the SEC can do? (Economist)
Existing home sales take a tumble. (EconomPic Data, Fund My Mutual Fund, DJ Market Talk)
Walking away and mortgage principal reductions examined. (ROI, Big Picture)
What will happen to mortgage rates when the Fed stops its purchase of MBS? (Calculated Risk, ibid)
Improvement in rail data and airline traffic. (The Pragmatic Capitalist, Carpe Diem)
How big a profit center are Build America Bonds for the likes of Goldman Sachs (GS)? (Credit Writedowns, DealBook)
Will the jobs bill do any good? (Economix)
The EU sends Greece back to the fiscal drawing board. (WSJ)
Felix Salmon, “So rather than demonize the CDS market and blame it for Greece’s current woes, let’s place the blame firmly where it belongs — with Greece itself, and its profligate ways.” (Reuters)
The remarkable change in emerging market sovereign funding costs. (Economist)
Why don’t Canadian banks fail? (Farnam Street)
They could do worse. Europe taps Canada for some deficit knowledge. (Financial Post)
Thinking you can change the culture of finance is a mistake. (Financial Crookery)
Did Woodstock hippies lead to US financial collapse? (csmonitor)
Excerpts from the forthcoming Madoff-whistleblower Harry Markopolos. (Huffington Post, DealBook)
Was the GMAC rescue a mistake? (WashingtonPost)
Toyota Motors (TM) aside the auto industry is still hurting. (24/7 Wall St.)
Taking some measure of the hope and hype behind Bloom Energy. (earth2tech)
How a Facebook patent on news feeds affects Web 2.0. (Silicon Alley Insider)
Data is growing exponentially but our ability to analyze it all lags behind – a special report. (Economist)
Ten reasons to ignore David Weidner. (Felix Salmon also MarketBeat, DJ Market Talk, Crossing Wall Street, Epicurean Dealmaker)
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