Book recommendation: Anyone planning on holding onto Berkshire Hathaway ($BRKB) long-term needs to read Lawrence Cunningham’s Berkshire Beyond Buffett. (The Brooklyn Investor)
Quote of the Day
"Gold is two things, neither of which is easy to price: a commodity and a currency."
(Jason Zweig)
Strategy
- A Chinese stock bubble need not take down the rest of the world. (brooklyninvestor.blogspot.com)
- Why you shouldn't take investment advice from the Fed Chair. (dashofinsight.com)
- Mike Piper, "In short, knowing that a market decline is coming isn’t especially useful unless you know when it is coming — and even the experts get that wrong on a regular basis." (obliviousinvestor.com)
- Higher conviction buybacks occur at lower prices. (investorfieldguide.com)
- Investment tips are easy, knowledge is hard. (alephblog.com)
MLPs
- MLPs are a lot cheaper than they used to be. (online.barrons.com)
- The case for Kinder Morgan ($KMI). (sl-advisors.com)
Apple
- We know the iPhone dominates smartphone profits, but what about the Mac/iPad? (asymco.com)
- PC sales are continuing to decline. (blogs.wsj.com)
- Who actually buys Apple's ($AAPL) iPods? (birchtree.me)
ETFs
Economy
- What CEOs said about the economy this week. (skrisiloff.tumblr.com)
- A succinct summary of the week's events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday links. (abnormalreturns.com)
