Money and Finance
How to Feel Safe in Stocks When the Market Seems Dangerous - by Jason Zweig (LINK)
Long-term Thinking and Back to Basics - by John Huber (LINK)
More than A Dozen Reasons Why Investing in Airlines Belongs in the Too Hard Pile - by Tren Griffin (LINK)
Michael Lewis: the scourge of Wall Street [H/T Linc] (LINK)
Amazon is cutting out middlemen to stop bleeding billions in shipping costs [H/T @activiststocks] (LINK)
Hussman Weekly Market Comment: An Imminent Likelihood of Recession (LINK)
Yuval Noah Harari on Why Humans Dominate the Earth: Myth-Making (LINK)
I’m STILL Not Sayin’ Aliens. But This Star Is Really Weird. (LINK)
- Links
Michael Lewis: Eight Things I Wish for Wall Street (LINK) Tom Russo, Susan Decker, Lawrence Cunningham, and Brad Kinstler discuss Berkshire Hathaway at Stanford (video) [H/T ValueWalk] (LINK) Related book: Berkshire Beyond BuffettMatthew McLennan...
- Links
I had previously missed this, but Richard Koo's latest book came out a few weeks ago: The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy Fortune: Inside Elon Musk's $1.4 billion score (LINK) Amazon...
- Hussman Weekly Market Comment: Enter, The Blindside Recession
In recent months, our measures of leading economic pressures have indicated the likelihood of an oncoming U.S. recession. Our view is based on the analysis of leading/coincident/lagging indicators (see Leading Indicators and the Risk of a Blindside Recession)...
- Hussman Weekly Market Comment: Have We Avoided A Recession?
In our view, it is very difficult to obtain useful views about economic direction using the standard "flow of anecdotes" approach that is the bread-and-butter of many analysts. The economic data reported daily are a mix of leading, coincident and lagging...
- Hussman Weekly Market Comment: Europe: Just Getting Warmed Up
Last week, the financial markets mounted a striking shift back to the "risk-on" trade, as investor concerns about a recession were abandoned, and Wall Street came to believe that Europe will easily contain its banking problems. Accordingly, downside protection...
Money and Finance
Links
How to Feel Safe in Stocks When the Market Seems Dangerous - by Jason Zweig (LINK)
Long-term Thinking and Back to Basics - by John Huber (LINK)
More than A Dozen Reasons Why Investing in Airlines Belongs in the Too Hard Pile - by Tren Griffin (LINK)
Michael Lewis: the scourge of Wall Street [H/T Linc] (LINK)
Related book: The Big ShortBarrron's thinks Colfax is a tempting long-term buy (LINK)
Amazon is cutting out middlemen to stop bleeding billions in shipping costs [H/T @activiststocks] (LINK)
Hussman Weekly Market Comment: An Imminent Likelihood of Recession (LINK)
Since October, the economic evidence has shifted from supporting a growing risk of recession, to a guarded expectation of recession, to the present conclusion that a U.S. recession is not only a risk but an imminent likelihood, awaiting confirmation that typically only emerges after a recession is actually in progress. The reason the consensus of economists has never anticipated a recession is that so few distinguish between leading and lagging data, so they incorrectly interpret the information available at the start of a recession as “mixed” when, placed in proper sequence, the evidence forms a single, coherent freight train.
Paul Graham essay: Life is Short (LINK)While I’m among the only observers that anticipated oncoming recessions and market collapses in 2000 and 2007 (shifting to a constructive outlook in-between), I also admittedly anticipated a recession in 2011-2012 that did not emerge. Understand my error, so you don’t incorrectly dismiss the current evidence.
Yuval Noah Harari on Why Humans Dominate the Earth: Myth-Making (LINK)
Related book (one of my favorites): Sapiens: A Brief History of HumankindBrightest-ever supernova still baffles astronomers (LINK)
I’m STILL Not Sayin’ Aliens. But This Star Is Really Weird. (LINK)
- Links
Michael Lewis: Eight Things I Wish for Wall Street (LINK) Tom Russo, Susan Decker, Lawrence Cunningham, and Brad Kinstler discuss Berkshire Hathaway at Stanford (video) [H/T ValueWalk] (LINK) Related book: Berkshire Beyond BuffettMatthew McLennan...
- Links
I had previously missed this, but Richard Koo's latest book came out a few weeks ago: The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy Fortune: Inside Elon Musk's $1.4 billion score (LINK) Amazon...
- Hussman Weekly Market Comment: Enter, The Blindside Recession
In recent months, our measures of leading economic pressures have indicated the likelihood of an oncoming U.S. recession. Our view is based on the analysis of leading/coincident/lagging indicators (see Leading Indicators and the Risk of a Blindside Recession)...
- Hussman Weekly Market Comment: Have We Avoided A Recession?
In our view, it is very difficult to obtain useful views about economic direction using the standard "flow of anecdotes" approach that is the bread-and-butter of many analysts. The economic data reported daily are a mix of leading, coincident and lagging...
- Hussman Weekly Market Comment: Europe: Just Getting Warmed Up
Last week, the financial markets mounted a striking shift back to the "risk-on" trade, as investor concerns about a recession were abandoned, and Wall Street came to believe that Europe will easily contain its banking problems. Accordingly, downside protection...