The weekend is a great time to catch up on some of the reading you skipped during the week.  So for all you “time shifters” out there, here is another set of long-form links.

Markets

Andrew Haldane asks “Is the world becoming more short-sighted?”  (Bank of England)

High frequency trading works great, until it doesn’t. (London Review of Books via The Browser)

Is the difference between Black and White Swans to the market simply liquidity?  (The Psy-Fi Blog)

As trading gets more sophisticated it keeps distancing us from the real economy.  (The Atlantic)

An excerpt from James McTague’s new book Crapshoot Investing: How Tech-Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino.  (Big Picture)

Have investors learned the wrong risk management lessons from the financial crisis?  (Institutional Investor)

Finance

Matt Taibbi is back with another whack at Goldman Sachs (GS).  (Rolling Stone)

TED, “M&A is simply an accelerated, concentrated version of investment in your business by other means. It is capital expenditure. It’s your plan. We investment bankers are just there to help you execute it.”  (The Epicurean Dealmaker)

Roger Lowenstein on the difference between stupidity and criminality.  (Businessweek)

Profiles

Bill Gross as bond vigilante.  (The Atlantic)

A profile of Sheryl Sandberg, COO and “adult supervisor”, at Facebook.  (Businessweek)

Why success starts with failure.  A Q&A with Tim Harford.  (Economix)

Profile of data visualization hero Edward Tufte.  (Washington Monthly via @ampressman)

Innovation

Annie Lowery, “The United States can grow faster by stealing the rest of the world’s smart people.”  (Slate)

We need a new immigration debate that focuses on making America a home for innovators.  (WSJ)

Iceland on the comeback trail.  (NYTimes)

The 26 best cities for business, life and innovation.  (The Atlantic)

Mixed media

“The filter bubble” and the importance of “varying your information pathways.”  (brain pickings)

Is college a rotten investment?  (Slate)

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