Quote of the day
Howard Lindzon, “Zuckerberg is CEO of the year. He has nerves of steel and belief in the power of his platform.” (Howard Lindzon)
Chart of the day
Should investors be worried about Facebook’s ($FB) run? (Marketwatch)
Markets
This year has been all about US stocks. (Capital Spectator)
The advance-decline line points towards internal market weakness. (The Reformed Broker)
Taper talk has crushed REITs. (Minyanville)
Strategy
Why you need to separate your ego from your trading. (Joe Fahmy)
Retail investors systematically make poor sector decisions. (SSRN via @quantivity)
Bezos
Jeff Bezos buys the Washington Post. (Pando Daily, GigaOM, WashingtonPost, Dealbook)
Why? (Henry Blodget, Farhad Manjoo)
Finance
Paul Singer does not like to have his fund benchmarked. (HFI)
Private equity firms are pushing debt out the door. (WSJ)
It is hard to overestimate the importance of SAC Capital to Wall Street. (NetNet)
Sony ($SNE) wants no part of Dan Loeb’s plans for the company. (Cassandra Does Tokyo, Dealbook, Quartz)
Family offices are booming. (Bloomberg)
Chicago
Chicago needs to come to terms with its gaping pension shortfall. (NYTimes)
The next Chicago companies ready to take the IPO plunge. (Pando Daily)
The bulls will be running in Chicago next year. (Chicago Tribune)
Global
Meet the poster child of Brazil’s bear market. (Business Insider)
What will Raghuram Rajan going to do as the head of the RBI? (beyondbrics, Bloomberg)
The mismatch in economic expectations that Stephen D. King talks about in When the Money Runs Out: The End of Western Affluence. (Wonkblog)
Economy
What if everything goes right in the economy? (Pragmatic Capitalism)
Americans have put their credit back together. (Bloomberg)
When is the unemployment rate going to hit 6.5%? (Sober Look)
Economists, like everyone else, loves narrative. (Big Picture)
The case for higher minimum wages. (James Surowiecki, Free exchange)
Earlier on Abnormal Returns
What you may have missed in our Monday linkfest. (Abnormal Returns)
Mixed media
Why Americans are turning against beer. (The Atlantic)
Poker is a game of skill…until it isn’t. (Dealbreaker)
How does Ashton Kutcher do portraying Steve Jobs in Jobs? (Time)
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