Book note: Apple ($AAPL) insiders are calling Becoming Steve Jobs: The Evolution of a Reckless Upstart into a Visionary by Rick Tetzeli and Brent Schlender the definitive biography of Jobs. (NYTimes)
Quote of the Day
"Right now it feels like Google is directionless and Facebook has all the momentum. It feels like Google could turn into the next Microsoft — a company with brilliant people and brilliant ideas that fails to deliver, sending the stock sideways for a decade."
(Jay Yarow)
Markets
- What happens after a big down day for stocks? (adamhgrimes.com)
- How expensive are tech stocks? (patrickoshag.tumblr.com)
Strategy
- Someone, somewhere is outperforming your portfolio. (pragcap.com)
- New hedge funds with pedigree were able to raise capital in 2014. (cnbc.com)
Robo-advisors
- How much tax savings can the robo-advisors generate for clients? (msantoli.tumblr.com)
- Vanguard has no need for outside funds in their Personal Advisor Services platform. (investmentnews.com)
- Northwestern Mutual to buy LearnVest. (bloombergview.com)
- Do individual investors really need access to hedge funds? (ftalphaville.ft.com)
Companies
- The Heinz-Kraft ($KRFT) is "really interesting." (brooklyninvestor.blogspot.com)
- Now matter how you slice it Berkshire Hathaway ($BRKB) has done well on its Heinz investment. (bloombergview.com)
- Kraft ($KRFT) employees should be concerned. (bloombergview.com)
- Warren Buffett's long history with Kraft ($KRFT). (blogs.wsj.com)
- The big banks are absent from the Heinz-Kraft deal. (nytimes.com)
Finance
Economy
Earlier on Abnormal Returns
- Longform links: the mirage that is alternative investments. (abnormalreturns.com)
- The war between our ideal self and financial self. (abnormalreturns.com)
- What you may have missed in our Wednesday linkfest. (abnormalreturns.com)
