The weekend is a great time to catch up on some long form items that we passed up on during the week. Thanks for checking in.
Investing
A dozen things learned about investing psychology. (25iq)
Time to replace the efficient frontier with the “efficient range.” (Financial Planning via Capital Spectator)
The defense of active strategies is weak at best. (IndexUniverse)
Shale assets are getting misvalued. (SumZero)
Profiles
In praise of Jason Zweig. (The Reformed Broker)
Lunch with Meredith Whitney. (FT)
Finance
How to think about time and finance. (Physics of Finance)
What pension funds pay in investment management fees. (MPPI via MoneyBeat)
We can only trust financial models up to a certain point. (AdvisorOne)
Financial advisory
The future of financial advisory is “150 large independent RIAs.” (AdvisorOne)
The long term care insurance market is in turmoil. (WSJ)
Yet another example of professional athletes getting bilked. (Fortune)
Economics
A profile of Warren Mosler, popularizer of Modern Monetary Theory including a reading list. (NYTimes, Economix)
You can tell what Americans value (or not) by examining the tax code. (Justin Fox)
Are bets indicative of beliefs or not? (Modeled Behavior, EconLog, Marginal Revolution)
Global
The new ‘global middle class‘ is revolting. (WSJ)
Developed market population growth is screeching to half. Are we ready for it? (IndexUniverse)
Startups
Why it is often better to sell a startup for $20 million versus $200 million. (Business Insider)
The state of startups. (Paul Graham)
Why you shouldn’t take venture capital. (Forbes)
Psychology
Just what is dopamine and how does it work? (Slate)
One company’s bet on positive psychology. (Fast Company)
How exercise can calm anxiety. (Well)
The psychological advantage of not apologizing. (Scientific American)
Food
Why the McWrap is so important to McDonald’s ($MCD). (Businessweek)
The problem of rogue overfishing is only going to get worse. (Quartz)
Pig roasts are a big pain in the ass. (Wired)
How to eat like a Viking. (Speakeasy)
Where to buy the perfect steak. (Daily Ticker)
Sports
NCAA transfer rules are byzantine. (Slate)
A profile of the unique talent that is Milwaukee Brewers announcer Bob Uecker. (SI via @longreads)
History
The story of the broker who saved the nascent United States of America. (The Reformed Broker)
Is the tank era over for the world’s militaries? (BBC)
Education
Should every college course cost the same? (The Atlantic)
The immortal life of Enron e-mails in academia. (Technology Review)
Entertainment
Jason Everman was kicked out of both Nirvana and Soundgarden. Then his story got interesting. (NYTimes)
An interview with the great Rick Rubin. (The Daily Beast)
Some actors are making a living reading audiobooks. (NYTimes)
Books
An interview with Toby Carlisle and Wes Gray authors of Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors. (Interviews for Investors)
How to get ahead in this town, an excerpt from Mark Leibovich’s This Town: Two Parties and a Funeral-Plus, Plenty of Valet Parking!-in America’s Gilded Capital. (NYTimes)
Mixed media
Why don’t high-end hotels provide toothpaste? (Slate)
Citibike has changed my life. (Dan Frommer)
Flip flops are disgusting. (Slate)
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