Book notes: Greg Steinmetz’s The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger is for anyone interested in economic history. (Reading the Markets)
Quote of the Day
"Interest at zero is an emergency setting. Why do we still have a Fed policy designed for an economy that needed life-support? ...So don't think of it as rates going higher; think of it as moving to normal."
(Barry Ritholtz)
Markets
- Why oil is making another leg down. (businessinsider.com)
- Hedge funds are once again loading up on the US dollar. (shortsideoflong.com)
Berkshire Hathaway
- Warren Buffett isn't afraid of big deals. (wsj.com)
- Aerospace companies caught on bid on the Precision Castparts ($PCP) news. (aboveavalon.com)
- What other investors were long $PCP. (marketfolly.com)
Strategy
- DIY trading algorithms: proceed at your own risk. (wsj.com)
- Is momentum misunderstood? (theirrelevantinvestor.wordpress.com)
- Individual investors have five key advantages over institutional investors. (oldschoolvalue.com)
Apple
- How much iPhone growth is driven by switchers? (asymco.com)
- The future of the Apple ($AAPL) iPad. (aboveavalon.com)
Finance
- Activist investors are able to make hay because big mutual fund holders back their plans. (wsj.com)
- Pension funds are finally getting some religion on private equity fees. (ft.com)
- Elon Musk faces a dilemma with Tesla Motors ($TSLA) balance sheet. (ftalphaville.ft.com)
Funds
Norway
- How $50 oil is putting the hurt on Norway's economy. (bloomberg.com)
- Norway's big pension fund is getting more active. (ft.com)
Economy
Earlier on Abnormal Returns
- Research links: absolute strength. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
