New book alert: Becoming Steve Jobs: The Evolution of a Reckless Upstart into a Visionary Leader by Brent Schlender and Rick Tetzeli is a “remarkable book.” (Daring Fireball)
Quote of the Day
"So why is this bubble far worse than the tech bubble of 2000? Because the only thing worse than a market with collapsing valuations is a market with no valuations and no liquidity."
(Mark Cuban)
Markets
- For now, weaker economic data has not spooked equity investors. (pensionpartners.com)
- How to invest in a world full of negative yields. (etf.com)
- The Shareholder Yield Dogs of the Dow. (mebfaber.com)
Strategy
- In the long run, fees matter more than asset allocation. (ft.com)
- How should someone subscribing to a long-term, passive, buy-and-hold-and-rebalance strategy set their expectations? (basonasset.com)
- Why we change our behaviors after big market gains (and losses). (awealthofcommonsense.com)
Trading
- What to do in quiet markets. (adamhgrimes.com)
- Trading is all about coming to terms with uncertainty. (theturtlefollower.com)
Berkshire Hathaway
- The secret of Warren Buffett's success: deferred taxes. (ft.com)
- One potential weakness for Berkshire Hathaway ($BRKA). (alephblog.com)
- Three more things particular to Buffett: patience, privacy and peculiarty. (ft.com)
- Why do think Berkshire Hathaway ($BRKB) will proceed apace after Buffett? (stockpucker.com)
Finance
- Etsy ($ETSY) is going public. (nytimes.com)
- PE firms are now in the business of making "landlord loans." (nytimes.com)
- Index fund bigshots Vanguard and Blackrock ($BLK) are becoming more assertive on shareholder issues. (wsj.com)
- Why so many American companies have so much money stashed overseas. (bloomberg.com)
Funds
- Three costs investors need to control. (rickferri.com)
- Don't pay active fees for passive performance. (pragcap.com)
- A dispute about what JP Morgan ($JPM) says about their mutual fund performance. (bloomberg.com)
Global
Economy
- Weekly initial unemployment claims jumped last week. (calculatedriskblog.com)
- The NY Fed is losing power to Washington. (wsj.com)
- Six charts that showed just bad the economy was back in 2009. (blogs.wsj.com)
Earlier on Abnormal Returns
- Longform links: widespread irrationality. (abnormalreturns.com)
- Personal finance links: a neutral tool. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)
- There are no guarantees when it comes to life (or investing) (abnormalreturns.com)
