Quote of the day

Robert Seawright, “In all probabilistic fields, like investing and gambling, the best performers dwell on process.”  (Above the Market)

Chart of the day

Don’t look now but the utility sector is breaking out to the upside.  (Afraid to Trade related StockCharts)

Markets

@Jesse_Livermore, “Yes, the market is expensive relative to the past, but why shouldn’t it be?”  (Philosophical Economics)

On the ‘bubble question.’  (Howard Lindzon)

Keep an eye on the frothy IPO market.  (Conor Sen)

Corporate insiders are dumping shares.  (Mark Hulbert)

Investors focus too much on the Fed.  (A Dash of Insight)

Strategy

Regrets make investors do stupid stuff.  (Jason Zweig)

Why optimism is important to trading success.  (TraderFeed)

David Merkel, “Don’t ever feel forced into making an investment decision.  If it is not compelling, pass it up and wait.” (Aleph Blog)

Berkshire Hathaway ($BRKA)

What are we to make of Berkshire’s five year stretch of underperformance?  (Salil Mehta)

Why you shouldn’t expect Berkshire Hathaway to pay a dividend any time soon.  (MoneyBeat)

IPOs

Alibaba is planning a (huge) US IPO.  (WSJ, Re/code, Eric Jackson)

The tangled web that is Weibo is coming public in the US.  (TheStreet)

Finance

The best online brokers of 2014.  (Barron’s)

Are credit markets getting frothy again?  (Economist)

Trading revenues continue to shrink at banks like Goldman Sachs ($GS).  (Quartz)

ETFs

Every major asset manager has to have an ETF strategy.  (Barron’s)

Global

What if Yuan rates really were flexible?  (Real Time Economics)

A look at how the BRICs have performed over various time periods.  (research puzzle pix, Bespoke)

Multi-nationals now need to reassess their efforts in the emerging markets.  (Economist)

Economy

What can take the place of Fannie and Freddie?  (Real Time Economics)

A look back at the economic week that was.  (Bonddad Blog)

The economic schedule for the coming week.  (Calculated Risk)

Earlier on Abnormal Returns

Top clicks this week on the site.  (Abnormal Returns)

What you may have missed in our Saturday linkfest.  (Abnormal Returns)

Mixed media

Why apps launch first on iOS.  (Daring Fireball, Technologizer)

Should VCs only back companies they believe rare “morally correct?  (Hunter Walk)

On the ethics of anonymity apps.  (TechCrunch also Recode)

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