Money and Finance
Michael Mauboussin and Dan Callahan: Min(d)ing the Opportunity - Excess Returns Require the Chance to Apply Skill (LINK)
David Einhorn talks to the Hackley School (LINK)
James Surowiecki: In Praise of Short Sellers (LINK)
Claudio Borio's remarks in the BIS Quarterly Review are always worth checking out (LINK)
Andrew Smithers: Current errors of conventional wisdom (LINK)
You Can Now Send Money on Facebook. What's in It for Them? (LINK)
David Brooks: Skills in Flux (LINK)
Book of the day [H/T @vitaliyk]: Sapiens: A Brief History of Humankind [The audiobook also has good reviews. The author's Talk at Google on the book is available HERE. And his TEDx talk looks interesting as well, HERE.]
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David Brooks on Charlie Rose discussing his new book, The Road to Character (video) (LINK) Sanjay Bakshi: WHEN YOU BUY A BANK… (LINK) The Student-Loan Problem Is Even Worse Than Official Figures Indicate [H/T Matt] (LINK) It’s Even Hard to Buy a House...
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Ben Graham on How to Handle Your Money (LINK) Brian Grazer on Charlie Rose discussing his book, A Curious Mind: The Secret to a Bigger Life (video) (LINK) Brent Schlender and Rick Tetzeli on Charlie Rose discussing their book, Becoming Steve Jobs (video)...
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Part 1 of Phil DeMuth's Daily Journal Annual Meeting notes [H/T Will] (LINK) Switzerland becomes first to sell 10-year debt at negative yield (LINK) Switzerland has become the first country to sell benchmark 10-year sovereign debt at a negative yield,...
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Michael Mauboussin and Dan Callahan: Animating Mr. Market (LINK) Mark Spitznagel: The Myth of Black Swan Market Events [H/T James] (LINK) Ackman and Dalio, Two Hedge Fund Titans, Size Each Other Up (LINK) Bill Ackman interview on Bloomberg (video) (LINK)...
- Links
Farnam Street: How To Think (LINK) Andrew Smithers: The myth of the balance sheet recession (LINK) The Brooklyn Investor on the hedged Gotham Funds (LINK) Coke Confronts Its Big Fat Problem [H/T Will] (LINK) It's about a month old, but the...
Money and Finance
Links
Michael Mauboussin and Dan Callahan: Min(d)ing the Opportunity - Excess Returns Require the Chance to Apply Skill (LINK)
David Einhorn talks to the Hackley School (LINK)
James Surowiecki: In Praise of Short Sellers (LINK)
Claudio Borio's remarks in the BIS Quarterly Review are always worth checking out (LINK)
As bond markets show us day after day, the boundaries of the unthinkable are exceptionally elastic. At the end of February, around $2.4 trillion worth of global long-term sovereign debt was trading at negative yields. Of that total, more than $1.9 trillion had been issued by euro area sovereigns alone. And since then, the sinking trend has continued. The latest figures indicate that French, German and Swiss sovereign yields are negative up to four, six and 10 years, respectively.
Jim Grant: Here's why Fed won't remove 'patient' (LINK)In The Adventures of Tom Sawyer, Mark Twain tells us that the essence of good management is to have your friends paint the fence and pay you for the privilege. By that yardstick, some sovereigns have surpassed the master.
Andrew Smithers: Current errors of conventional wisdom (LINK)
You Can Now Send Money on Facebook. What's in It for Them? (LINK)
David Brooks: Skills in Flux (LINK)
Book of the day [H/T @vitaliyk]: Sapiens: A Brief History of Humankind [The audiobook also has good reviews. The author's Talk at Google on the book is available HERE. And his TEDx talk looks interesting as well, HERE.]
- Links
David Brooks on Charlie Rose discussing his new book, The Road to Character (video) (LINK) Sanjay Bakshi: WHEN YOU BUY A BANK… (LINK) The Student-Loan Problem Is Even Worse Than Official Figures Indicate [H/T Matt] (LINK) It’s Even Hard to Buy a House...
- Links
Ben Graham on How to Handle Your Money (LINK) Brian Grazer on Charlie Rose discussing his book, A Curious Mind: The Secret to a Bigger Life (video) (LINK) Brent Schlender and Rick Tetzeli on Charlie Rose discussing their book, Becoming Steve Jobs (video)...
- Links
Part 1 of Phil DeMuth's Daily Journal Annual Meeting notes [H/T Will] (LINK) Switzerland becomes first to sell 10-year debt at negative yield (LINK) Switzerland has become the first country to sell benchmark 10-year sovereign debt at a negative yield,...
- Links
Michael Mauboussin and Dan Callahan: Animating Mr. Market (LINK) Mark Spitznagel: The Myth of Black Swan Market Events [H/T James] (LINK) Ackman and Dalio, Two Hedge Fund Titans, Size Each Other Up (LINK) Bill Ackman interview on Bloomberg (video) (LINK)...
- Links
Farnam Street: How To Think (LINK) Andrew Smithers: The myth of the balance sheet recession (LINK) The Brooklyn Investor on the hedged Gotham Funds (LINK) Coke Confronts Its Big Fat Problem [H/T Will] (LINK) It's about a month old, but the...