On the bookshelf: The Little Book of Market Wizards: Lessons from the Greatest Traders by Jack Schwager.
Quote of the day
Howard Lindzon, “This is a Wall Street / Silicon Valley thing. This is a turf war. Silicon Valley is coming for Wall Street, not because they want to but because they can. They have run out of stuff (to disrupt).” (Pando Daily)
Chart of the day
What if financials start outperforming? (The Reformed Broker)
Strategy
Why did Warren Buffett “retire” in 1969? (The Brooklyn Investor)
Uncorrelated variables in technical analysis are few and far between. (TraderFeed)
Successful investing isn’t necessarily about better research, it’s about sticking to your plan. (Canadian Couch Potato via @monevator)
Companies
Is it time to break up Yahoo ($YHOO)? (Pando Daily)
Should Apple ($AAPL) make its own content? (Quartz)
What a move into 3-D printing could mean for Hewlett-Packard ($HPQ). (Pando Daily)
Finance
Should Seeking Alpha shut down anonymous finance bloggers? (Barron’s, Estimize Blog)
Why companies end up buying back their own shares when they are overvalued. (Jason Zweig)
ETFs
How good are five-star Morningstar ratings for predicting future returns. (Focus on Funds)
Who worried should investors be about the turmoil at Pimco? (NYTimes)
Global
The historical case for buying country stock markets, like Russia, post-crash. (Focus on Funds)
The case against Russian stocks. (Barron’s also WSJ)
Investing is Russian stocks is more about politics than finances at this point. (Buttonwood, FT)
Why small nations are thriving in a more globalized world. (Tim Harford)
Economy
Three things actually worth worrying about. (Morgan Housel)
The search for a ‘grand unified theory of behavioral economics‘ may already be over. (Noahpinion)
A look back at the economic week that was. (Bonddad Blog, Big Picture)
The economic schedule for the coming week. (Calculated Risk, Turnkey Analyst)
Earlier on Abnormal Returns
Top clicks this week on the site. (Abnormal Returns)
Mutual fund performance still matters. (Abnormal Returns)
The upside of bubbles: the biotech edition. (Abnormal Returns)
What you may have missed in our Saturday linkfest. (Abnormal Returns)
Mixed media
Is the future of business school online? (Quartz)
Download caps and the ideal of net neutrality. (Digitopoly via @markthoma)
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