Quote of the day
Morgan Housel, “Never ask a barber whether you need a haircut, and never ask an investment banker whether a deal makes sense. The answer is totally predictable.” (Motley Fool)
Chart of the day
Everyone hates the gold miners. (@jackdamn)
Markets
Sector strength has been impressive. (Bespoke, StockCharts)
Why gold miners haven’t bottomed yet. (Short Side of Long)
Investors hate commodities. (Barron’s)
Why selling fear is so easy. (Irrelevant Investor)
Is excessive indexing the cause of market tops? (Price Action Lab)
Ignore those spending too much time talking about QE. (A Dash of Insight)
Strategy
Why rebalancing always feels so wrong. (A Wealth of Common Sense)
“Don’t bet on crashes” and other lessons learned from the past month. (ZorTrades)
Two of the biggest mistakes traders make. (TraderFeed)
On the long-term attraction of MLPs. (Jason Zweig)
Notes from the Ira Sohn San Francisco Conference – 2014. (Market Folly)
A big interview with Larry Page, CEO of Google ($GOOG). (FT)
Is Larry Page focusing too much attention on ‘moon shots’? (Business Insider)
Is Google become the Berkshire Hathaway ($BRKB) of tech? (Digits)
Companies
Think the rich are getting richer? Buy Sotheby’s ($BID). (Barron’s)
Funds
What has changed in the last 15 -20 years of investing? (Mutual Fund Observer)
Fact checking the results of the real-time returns of the “magic formula.” (Alpha Architect)
Economy
Job vacancies are back to pre-crisis levels. (Greg Mankiw)
Average US gasoline prices have dipped below $3 a gallon. (Bonddad Blog)
A look back at the economic week that was. (Big Picture)
The economic schedule for the coming week. (Calculated Risk)
Earlier on Abnormal Returns
Top clicks this week on the site. (Abnormal Returns)
What you might have missed in our Saturday linkfest. (Abnormal Returns)
Mixed media
Space tourism is still not ready for flight. (Marginal Revolution also Mashable)
Daylight savings time never really made sense. (Wonkblog)
Make your important decisions earlier in the day. (NYTimes)
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