Quote of the day
Barry Ritholtz, “If you follow the stock advice of anonymous bloggers, you pretty much get what you pay for.” (Bloomberg View)
Chart of the day
No matter how you slice it Latin American markets are underperforming. (Bonddad Blog)
Markets
The shift to value continues. (Crossing Wall Street)
100%+ IPO pops were a regular occurrence during the Internet bubble. (Business Insider)
Strategy
How to put together a ‘financial repression‘ portfolio. (Pragmatic Capitalism)
Momentum strategies tend to crash: on the use of stop losses. (SSRN)
Laurence Siegel reviews Simon Lack’s Bonds Are Not Forever: The Crisis Facing Fixed Income Investors. (Advisor Perspectives)
Companies
Box is coming public. (TechCrunch, WSJ, Pando Daily, Quartz, Dealbook)
Twitter ($TWTR) has a user engagement problem. (Digits)
Big data is still in its infancy. (FT)
Berkshire Hathaway
Why Berkshire Hathaway ($BRKB) should not be run by committee. (Aleph Blog)
A look at the 2013 annual report of Markel Corp. ($MKL). (The Brooklyn Investor)
Why isn’t Warren Buffett up in arms about Coca Cola’s ($KO) plan to gift a huge chunk of the company to management? (Dealbook)
The C-Suite
Beware when a company schedules its annual shareholders meeting at a remote location. (Huffington Post, CI)
Female CEOs write better annual reports. (Turnkey Analyst)
CEO golden parachutes are on the wane. (Fortune)
Finance
Half of all hedge funds have closed in the last five years. (FT Alphaville)
What has TPG learned from its mistakes? (Dealbook)
Quants have invaded Madison Ave. (WSJ)
Funds
Why now is a particularly bad time to go ‘smart beta.’ (Focus on Funds)
Why the odds favor index investors. (Rick Ferri)
How big ETF trades happen. (ETF)
Earlier on Abnormal Returns
What you may have missed in our Monday linkfest. (Abnormal Returns)
Mixed media
How might someone play the idea of self-driving cars? (Medium)
Newspapers are dead, long live journalism. (stratchery)
Sensors will be everywhere: on the “Internet of streetlights.” (Quartz)
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