Still on a non-standard schedule today so a less than full linkfest today. In the mean time read our book and we will catch you tomorrow. Good luck out there.

Quotes of the day

“There’s more to portfolio construction than asset allocation and style boxes.”  (Systematic Relative Strength)

“Many investors prefer dividend paying stocks because of the bird in the hand fallacy, the idea that the certainty of dividends now is worth more than the possibility of capital gains later. ”  (The Psy-Fi Blog)

“The easiest solution for filtering HFT and other noise is to look at longer time frames.”  (Mortality Sucks)

Strip of the day

(Dilbert via Frank Voisin)

Markets

Just when you think you have markets figured out, they go and change on you.  (MarkeSci Blog)

Investors are still horribly risk averse.  (Doug Kass)

More signs that Americans hate stocks.  (Barron’s)

Instability in Europe is not doing anything for the price of gold.  (Dragonfly Capital)

Strategy

Doug Kass on the end of the decades-long bull market in bonds.  (Market Folly)

Using pain to make you a better trader.  (Brian Lund)

How to think about correlations and portfolio diversity.  (Portfolio Probe)

The opportunity in tax harvesting.  (World Beta)

Companies

What is the difference between a technology company and a tech-enabled company?  (GigaOM)

Can a day go by without some drama at AOL ($AOL)?  (Pando Daily)

Nelson Peltz wants to eliminate the “conglomerate discount” at Ingersoll-Rand ($IR).  (WSJ)

Reasons to worry about Herbalife ($HLF).  (Herb Greenberg)

The hits just keep on coming for Aubrey McClendon and Chesapeake Energy ($CHK).  (Reuters)

Facebook

How Goldman Sachs ($GS) blew the Facebook IPO.  (SAI)

The banker who won the Facebook IPO for Morgan Stanley ($MS).  (Dealbook)

Berkshire

A glimpse of a post-Buffett Berkshire Hathaway ($BRKA).  (Jeff Matthews)

What Warren Buffett might be up in regards to publicly traded positions.  (Aleph Blog)

Finance

Betterment vs. The World: Round 23.  (I Heart Wall Street, Betterment)

Pretty soon there will be a REIT that buys and rents single family homes.  (WSJ)

Want to fix the equity markets?  Roll back the ban on “locked markets.”  (WSJ)

ETFs

Interesting…the Merk Gold Trust will be redeemable into bullion.  (IndexUniverse)

Income focused ETFs are still the new, new thing.  (IndexUniverse)

Global

Gearing up for a Greek exit from the Euro.  (FT Alphaville)

Stocks with European exposure are getting pummeled.  (Money Game)

Economy

The JOBS Act is worth the risk.  (Real Time Economics)

Reasons for optimism from Daniel Gross author of Bigger, Stronger Faster: The Myth of American Decline and the Rise of a New Economy.  (Daily Ticker)

Where did all the government workers go?  (FT Alphaville)

Mixed media

BS doesn’t fly for long in the social web.  (Phil Pearlman)

On the importance of focus for VCs.  (Brad Feld)

Abraham Lincoln invented Facebook.  (kottke)

Abnormal Returns is a founding member of the StockTwits Blog Network.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.