11/21/17 – Tuesday’s Interest-ing Reads

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  • Harvard is thinking about spinning out its real estate management. (bloomberg)
  •  Investors bet against happy holidays for retailers (ft)
  • Is the amount of cash a company holds, a priced factor? (etf)
  • How to Hire a Behavioral Scientist (behavioralscientist)
  • Can Fama-French alphas be used to run a sector rotation strategy? (allocatesmartly)
  • Economist Dan Ariely has a fix for our financial foibles (reuters)
  • Why you should walk upstairs instead of yelling. (sethgodin.typepad)
  • How to turn a bad day around. (fastcompany)
  • How to break up with a toxic friend. (tim.blog)
  • 6 Reasons For David Swensen’s Success at Yale (awealthofcommonsense)
  • Why you should expect to see more MLP conversions. (bloomberg)
  • Why fund firms are skipping a generation to higher younger CEOs. (institutionalinvestor)
  • SEC employees generate abnormal returns. (papers.ssrn)
  • Can Fama-French alphas be used to run a sector rotation strategy? (allocatesmartly)
  • What can we learn from GE’s ($GE) fall from grace? (blog.independenceadvisors)
  • Why trend-following works. (etf)
  • The spread between GDP growth and the Fed funds rate is still wide. (bloomberg)
  • "Commodity markets offer a wide set of alternative risk premium opportunities." (mrzepczynski.blogspot)
  • Everything you need to know about hedge fund conversions. (wealthmanagement)
  • Is there a way to quantitatively identify a bubble before it bursts? (alphaarchitect)
  • Why Worriers (Usually) Get the Market Wrong (wsj)
  • Why finance needs both the Famas AND Thalers of the world. (alphaarchitect)
  • Research shows that the rise of Estimize has changed how the sell-side makes earnings estimates. (papers.ssrn)
  • Do factors work in international equities? (wisdomtree)
  • How much data should you use to calculate a risk-parity covariance matrix? (blog.thinknewfound)
  • Joel Kotkin, "Suburbia dominates the geography of the middle class." (ocregister)
  • Economics has its own replication problem. (onlinelibrary.wiley)
  • Yale’s Endowment Learns Hard Diversification Lesson (barrons)
  • The Chicago Fed National Activity index ticked up in October. (calculatedriskblog)
  • Retailers Try New Pricing Tricks to Battle Amazon on Black Friday (wsj)
  • The Latest Path to Silicon Valley Riches: Stake sales in startups instead of IPOs (wsj)
  • Deathblow Dealt to Dark Matter Disks (quantamagazine)
  • People buy more stuff on sunny days. (papers.ssrn)
  • HFT traders are now trading Bitcoin. (bloomberg)
  • Spam is back: It seemed like we had defeated electronic junk mail. Then the spammers rose from the dead. (theoutline)
  • The CME ($CME) is still looking at 2017 to launch Bitcoin futures. (reuters)
  • Stock market returns drift in the direction of FOMC policy changes. (papers.ssrn)
  •  As Silicon Valley Gets "Crazy," Midwest Beckons Tech Investors&#xA0 (nytimes)
  • Eight Wines for Thanksgiving, Under $25 (bloomberg)
  • Why Apple’s ($AAPL) HomePod is three years behind Amazon’s ($AMZN) Echo speakers. (bloomberg)

11/20/17 – Monday’s Interest-ing Reads

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  • GE ($GE) is cleaning house at its board of directors. (wsj)
  • Can Carbon-Dioxide Removal Save the World? (newyorker)
  • This is a better way to launch new ETFs. (financial-planning)
  • The flat yield curve is going to give the Fed pause. (bloomberg)
  • Tesla Plays the Long Game With Semi Truck (wsj)
  • The demographic crunch is already affecting Japan’s economy. (asia.nikkei)
  • Small businesses are dealing with tight labor markets. (disciplinedinvesting.blogspot)
  • Tesla Keeps Scaring the Other Automakers (bloomberg)
  • Three rules for decluttering your life. (medium)
  • Bitcoin breaks above $8,000 (Bloomberg)
  • Resolved: AQR is the Vanguard of liquid alts. Agree or disagree? (beta.morningstar)
  • Art auctions ring the bell for peak global liquidity (Telegraph)
  • The economic schedule for the coming week. (calculatedriskblog)
  • Putting an estimate on research costs in the Mifid II era. (ft)
  • The Harvard professor of Bob Dylan studies: "My thesis is that he has become Odysseus" (theguardian)
  • Urban Carmel, "Macro economic data is good." (fat-pitch.blogspot)
  • A profile of Jensen Huang, CEO of Nvidia ($NVDA). (fortune)
  • Robot army is transforming the global workplace (Financial Times)
  • We have way too many meetings. (medium)
  • Oaktree Capital ($OAK) is nudging into the ETF bond space. (bloomberg)
  • Great traders collaborate and find multiple ways of making money. (traderfeed.blogspot)
  • A closer look at the SPDR SSGA Gender Diversity Index ETF ($SHE). (etf)
  • A big Barron’s roundtable on the future of the ETF business. (barrons)
  • Put together a portfolio that works for you (and your institution) not someone else. (awealthofcommonsense)
  • These ETFs generate the most revenue for their sponsors. (etf)
  • Work for a great boss, the role is secondary. (thinkgrowth)
  • Vanguard isn’t concerned with the shrinking number of public US companies. (institutionalinvestor)
  • Big oil is going to help car makers save the combustion engine, LOL (Wall Street Journal)
  • Activist investors are sniffing around shopping mall stocks. (bloomberg)
  • 137 ETFs that charge 0.10% or less. (etf)
  • Post-9/11 U.S. War Costs Will Soon Top $5.6 Trillion (govexec)
  • We greatly undervalue the benefits of controlling our own time. (awealthofcommonsense)
  • The 21 Club: 401(k) investors can thank just 21 superstar stocks for driving the big gains in their retirement savings accounts this year (usatoday)
  • Why Norway SHOULD lighten its exposure to oil stocks. (themacrotourist)
  • Can you use quant strategies in the cryptocurrency space? (factorresearch)
  • Angela’s coalition government falls apart (Reuters)
  • Wisdomtree ($WETF) just purchased ETF Securities’ European-focused ETF business. (citywireusa)
  • Why despite the boom in shale investors are shunning MLPs. (sl-advisors)
  • As societies age they also become more risk averse. (ft)
  • A look at the October 2017 ETF Deathwatch. (investwithanedge)
  • China’s HNA Group is weird af (Wall Street Journal)
  • Twitter ($TWTR) needs a better process for verifying user identities. (theringer)
  • Indexing hasn’t gone too far, maybe active ways too big to start. (bloomberg)
  • Mapping the largest employers in the US by state. (visualcapitalist)
  • Josh Brown, "Rules of thumb, in the investment sphere, are at best worthless and at worst destructive for returns." (thereformedbroker)
  • More digital media companies are thinking of selling out. (bloomberg)
  • 39 Things About Life I Wish I Had Known 10 Years Ago (medium)
  • Corporate America is pulling back on buybacks. (bloomberg)
  • FOMO is a powerful motivator but it is also a return-killer. (safalniveshak)
  • Questions to ask when you own 1.0 Bitcoin. (rivershedge.blogspot)
  • Should you be specialist or a generalist: it’s complicated. (farnamstreetblog)
  • Goldbugs are now pushing Bitcoin to preppers. (bloomberg)
  • I am shocked to read some fund companies misrepresent their Morningstar fund star ratings. (wsj)
  • Digital media is crashing around us. (talkingpointsmemo)
  • Amazon seller lost $400,000 in sales after being attacked by self-proclaimed "virus of Amazon" (cnbc)
  • Another example of really specific strategies: the ProShares Long Online/Short Stores ETF ($CLIX). (blogs.wsj)
  • Investor sentiment pulled back the last two weeks. (disciplinedinvesting.blogspot)
  • A succinct summary of the week’s economic events. (ritholtz)
  • Loey’s 8 rules on asset allocation. (ft)
  • What CEOs had to say about the economy this week. (avondaleam)
  • How to say no to work events. (fastcompany)
  • GM ($GM) is selling more Bolts than Tesla ($TSLA) sells Model S & X’s. (bloomberg)
  • The panic low was 9 years ago today. (crossingwallstreet)
  • When a 10 Percent Gain Makes You Feel Like a Loser (blogs.wsj)
  • Being a CEO of a big company today is no cake walk. (ft)
  • Why a governance-focused ETF would be cool. (etf)
  • The Treasury Secretary’s Wife (National Review)
  • What happens to the stock market when the yield curve is flat. (stockcharts)
  • Founder of Exponential ETFs thinks he might be nuts (LinkedIn)
  • How blockchain technologies could save Wall Street money. (bloomberg)

11/18/17 – Saturday’s Interest-ing Reads

  • Interview with Nobel economics laureate Jean Tirole in London (independent.co.uk)
  • Can carbon dioxide removal save the world? (newyorker)
  • Barstool Sports is the anti-ESPN. (nytimes)
  • The Bouvier Affair: How an art-world insider made a fortune by being discreet. (newyorker)
  • To be happy, choose time over money. (behavioralscientist)
  • Why humans stopped squatting. (quartzy.qz)
  • Harvard once again tops the Businessweek’s 2017 list of the Best Business Schools. (bloomberg)
  • Why ageism seems to be inherent in Silicon Valley. (newyorker)
  • Airlines know a lot about you. Now they want to start using that data. (bloomberg)
  • Congestion continues to get worse in major US cities. (wsj)
  • How to make great memories. (bakadesuyo)
  • Today’s kids are growing up (largely) free of exposure to TV advertising. (qz)
  • How doctors are trying to minimize the
Read the rest
  • Interview with Nobel economics laureate Jean Tirole in London (independent.co.uk)
  • Can carbon dioxide removal save the world? (newyorker)
  • Barstool Sports is the anti-ESPN. (nytimes)
  • The Bouvier Affair: How an art-world insider made a fortune by being discreet. (newyorker)
  • To be happy, choose time over money. (behavioralscientist)
  • Why humans stopped squatting. (quartzy.qz)
  • Harvard once again tops the Businessweek’s 2017 list of the Best Business Schools. (bloomberg)
  • Why ageism seems to be inherent in Silicon Valley. (newyorker)
  • Airlines know a lot about you. Now they want to start using that data. (bloomberg)
  • Congestion continues to get worse in major US cities. (wsj)
  • How to make great memories. (bakadesuyo)
  • Today’s kids are growing up (largely) free of exposure to TV advertising. (qz)
  • How doctors are trying to minimize the risk of opioids. (npr)
  • Should you launch your own website? (medium)
  • Google ($GOOGL) wants to give you a definitive answer to searches. Too bad they are often wrong. (wsj)
  • The real war on coal is in China. (wsj)
  • Seven reasons for hope in the fight against climate change. (theguardian)
  • Good luck, trying to find a quiet place in the modern city. (nytimes)
  • The Cause and Consequences of the Retail Apocalypse (newrepublic)
  • Ten ways to grow your ‘grit.’ (heleo)
  • Another study that shows the benefit of having a dog. (bloomberg)
  • Timber is making a comeback in high rise building. (theatlantic)
  • Elon Musk, Architect of Tomorrow: Inside the inventor’s world-changing plans to inhabit outer space, revolutionize high-speed transportation, reinvent cars (rollingstone)
  • Weed vs. wine: which one is worse for your health? (businessinsider)
  • Security Breach and Spilled Secrets Have Shaken the N.S.A. to Its Core: A serial leak of the agency’s cyberweapons has damaged morale, slowed intelligence operations and resulted in hacking attacks on businesses and civilians (nytimes)
  • The Apple ($AAPL) Watch can accurately detect hypertension and sleep apnea. (techcrunch)
  • One professor thinks we need to teach more math in preschool. (qz)
  • The secrets of resilience: stories of those who overcame difficult childhoods. (wsj)
  • Checking in on how a universal basic income has worked in practice. (wired)
  • US hospitals are running low on saline bags. (bloomberg)
  • Human eggs are screening out ‘unsuitable’ sperm along the way. (quantamagazine)
  • How Sweden does data centers, i.e. green. (medium)
  • How American politics got so polarized. (axios)
  • Calculating the payback on electric semis. (bloomberg)
  • Meet Doug Jones, One Of The Biggest Movie Stars You’ve Probably Never Seen (buzzfeed)
  • Big Tobacco is increasingly running the vaping industry. (theverge)
  • Some tips for outsourcing your self-control. (dpegan)
  • MLS is growing too rapidly for its own good. (forbes)
  • Roger Goodell has a Jerry Jones problem and nobody knows how it will end (espn)
  • There are a number of reasons why universities are good for towns. (bloomberg)
  • Why we are likely to get self-driving trucks before cars. (nytimes)
  • The best options for charging your new iPhone X (or 8). (wsj)
  • The surge in foreign enrollment at US universities is slowing. (wsj)
  • Chew your damn food! (outsideonline)
  • Colin Kaepernick Will Not Be Silenced (gq)
  • Digital pills are now a thing. (nytimes)
  • Undraining the Swamp: Florida is trying to undo decades of damage to the Everglades. (motherboard.vice)
  • LA is the perfect place for Uber to test flying cars. (theverge)
  • What AI can and cannot do. (wsj)
  • How Apple ($AAPL) should fix the Apple TV. (500ish)
  • Meet the dude who earned 1.2 million United airlines miles by renting cars. (thepointsguy)
  • Harvard and Yale should stop playing football. (chicagotribune)
  • Daimler-Benz is pushing hard to electrify its fleet. (businessinsider)
  • AI is pretty good at diagnosing pneumonia. (qz)
  • Virtual companions are ‘perfect’ which makes them boring. (qz)
  • High school football players are largely indifferent to the risks of concussions and CTE. (usatodayhss)
  • The UK is experiencing its own craft brewing boom. (foodandwine)
  • Boredom has its benefits. (bigthink)
  • Running as a way to keep depression and anxiety at bay. (runnersworld)
  • What we can learn from the 1990s telecom bubble. (25iq)
  • Some technologies that will make flying easier. (nytimes)
  • No excuses people, get the new Shingles vaccine. (nytimes)
  • How probiotics may help alleviate anxiety. (bigthink)
  • Behold the more city-friendly fire engine. (wired)
  • ‘Star scientists’ like low-tax states. (microeconomicinsights)
  • Six medical innovations that made their way from the battlefield to the mainstream. (scientificamerican)
  • Fructan is the new gluten. (bigthink)
  • How you think about investing (and life) depends on your own experience(s). (collaborativefund)
  • A rediscovered Ben Graham lecture from 1963: “Securities In An Insecure World." (jasonzweig)

11/17/17 – Friday’s Interest-ing Reads

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  • A talk with Tyler Cowen a professional producer of ‘counter-arguments.’ (longform)
  • Chart crimes are way too frequent. (theirrelevantinvestor)
  • Easy access to seed-stage funding can make for some bad behaviors. (hackernoon)
  • You can’t dictate company culture, only influence it. (m.signalvnoise)
  • UBS wealth managers won’t touch Bitcoin. (bloomberg)
  • Which shopping sites discount the most using coupon codes. (priceonomics)
  • An economist looks at Uber fares. (marginalrevolution)
  • Comedy Writers Defend Say-Anything Culture in Sensitive Times (bloomberg)
  •  How social media fires people’s passions – and builds extremist divisions (theconversation)
  • Even This Very Long, Super-Nerdy NBA Podcast Is Making Money&#xA0 (bloomberg)
  • You’re Doing Thanksgiving Wrong, Says Anthony Bourdain (bloomberg)
  • Ivy League endowments can do better. (mrzepczynski.blogspot)
  • StitchFix is another example of co-founders falling out. (wsj)
  • Hims is counting on men wanting their own wellness/lifestyle site. (fastcompany)
  • ETFs: 20 bps is now "expensive" (ETF.com)
  • Leonardo da Vinci Painting Sells for $450.3 Million, Shattering Auction Highs (New York Times)
  • Why would anyone ever pay $450 million for a painting? (bloomberg)
  • Brian Gilmartin: The banks are still cheap (Fundamentalis)
  • Hardware is tough, but competing with Apple ($AAPL) is even tougher. (hackernoon)
  • How Sinclair compromised the news on an Alabama station it owns to support Roy Moore (baltimoresun)
  • Profitability is the best defense. (medium)
  • Why Sales Quotas Ruined Wells Fargo (bloomberg)
  • The Fed needs better tools at its disposal. (bloomberg)
  • Jason Thomas, "There haven’t been 5,000 domestic stocks to include in the index [Wilshire 5000] since 2005." (wsj)
  • How venture capital firms work. (onlyonceblog)
  • Amazon May Not Kill Big-Box Retail After All (bloomberg)
  • Bill Simmons and Dan Patrick talk about the state of sports journalism today. (theringer)
  • Homebuilders are still pretty, darn confident. (calculatedriskblog)
  • Will the future bring amazement or dismay? Q&A With Tim O'Reilly (aei)
  • What it would take for the S&P 500 to really be in a bubble. (brooklyninvestor.blogspot)
  • Coinbase is opening an institutional custody service to attract hedge funds and the like. (fortune)
  • Twitter is still trying and failing to solve its white supremacy problem (news.vice)
  •  Men, women and films: How pronounced is the gender divide on the silver screen? (1843magazine)
  • The rise of Airbnb is not holding back the performance of hotel stocks. (bloomberg)
  • Elon Musk needs his own Tim Cook. (bloomberg)
  • The Music Industry’s New Gatekeepers (wsj)
  • What, if anything, can be done about soaring land costs? (bloomberg)
  • Patrick O’Shaughnessy talks to Chris Burniske about how to value a crypto asset. (investorfieldguide)
  • The New Rules That Could Make ETFs Unstoppable (bloomberg)
  • Weekly initial unemployment claims ticked up last week. (calculatedriskblog)
  • The Secret to Long Life? It May Lurk in the DNA of the Oldest Among Us (nytimes)
  • Walmart beats and raises guidance as online growth explodes (Business Insider)
  • Meet the podcast fans who listen to their favorite episodes at 2x. (buzzfeed)
  • Pre-SegWit2x hard fork, Bitcoin has bounced back. (bloomberg)
  • Angel investors like to invest locally, VCs not as much. (avc)
  • "Simple" works for the vast majority of customers. (m.signalvnoise)
  • The ICO space is like the early PIPEs space before the SEC cracked down. (dealbreaker)
  • Brett McKay talks with Jane Burka and Lenora Yuen co-authors of the book "Procrastination: Why You Do It, What to Do About It Now." (artofmanliness)
  • Goldman Sachs ($GS) is pushing hard into CLOs. (bloomberg)
  • Guy Spier talks about how to build a career in money management. (youtube)
  • The slope of the yield curve is just one factor in overall financial conditions. (scottgrannis.blogspot)
  • Manhattan is filling up with empty storefronts. (macromon.wordpress)
  • Vanguard’s 2017 Prediction: A Record $350 Billion in New Cash (wsj)
  • How One Woman's Digital Life Was Weaponized Against Her (wired)
  • These are the countries with the most farmland. (rcmalternatives)
  • Patrick O’Shaughnessy talks with Dhani Jones about the transition from football to business. (investorfieldguide)
  • Robin Powell, "If there were no costs involved, their average returns of index funds and active funds would be very similar. They key difference is that one is hugely more expensive than the other." (evidenceinvestor.co.uk)
  • Six tips for managing a board. (acrowdedspace)
  • Why P/B has fallen out of favor. (validea)
  • Does "Elsagate" prove YouTube is too big to control? (theweek.co.uk)
  • How a North Carolina meteorologist abandoned his climate change skepticism (cjr)
  • Talk about hard forks, Norway’s $1 trillion sovereign wealth fund is considering a divestment of holdings in international petroleum companies. (nytimes)
  • Freakonomics looks at the ongoing shift in primary care from MDs to nurse practitioners. (freakonomics)
  • Just how useful is macroeconomic timing in forecasting the stock market? (calculatedriskblog)
  • Vans are once again the hot shoe brand. (esquire)
  • What happens when you go on the Olive Garden diet. (wsj)
  • The 100 best financial Twitter accounts according to Sentio. (forbes)
  • Tim Ferriss talks with Sharon Salzberg author of "Real Love: The Art of Mindful Connection." (tim.blog)
  • "Simply said, venture investors deal with too much information." (switch.vc)
  • Wal-Mart’s very big beat (CNBC.com)
  • Sam Harris talks with Kurt Andersen author of "Fantasyland: How America Went Haywire, A 500-Year History." (samharris)
  • Congrats to the Mozart of financial blogging, Josh Brown of The Reformed Broker. (thereformedbroker)
  • Land in Toronto is simply too darn high. (business.financialpost)
  • Want to get funded? Go to school in California. (fastcompany)
  • Birth of an Idea: How AAII Got Started (aaii)
  • An episode on how to get a business book published. (ft)
  •  Five Technologies That Will Rock Your World (nytimes)
  • Art is an emotional asset, not a financial one. (blogs.wsj)
  • You can’t separate strategy and execution, they are both a part of ongoing hypothesis testing. (hbr)
  • What is going to happen when pension funds accurately calculate future return assumptions? (pitchbook)
  • Why we need a better measure of economic activity than GDP. (ft)
  • Michael Covel talks with Mark Kritzman author of "A Practitioners Guide to Asset Allocation." (trendfollowing)
  • Why you should take occasional social media breaks. (medium)
  • Airbnb: peak bookings or just a pause? (ftalphaville.ft)
  • The Risk of Estimating Risk (capitalspectator)
  • Essential startup advice from Andy Rachleff. (medium)
  • Meb Faber talks with Jason Goepfert of Sentimentrader.com fame. (mebfaber)
  • Ben Carlson and Michael Batnick launch their new podcast. (awealthofcommonsense)

11/15/17 – Wednesday’s Interest-ing Reads

  • 10 questions to ask about where to live in retirement. (wsj)
  • Why performance and fulcrum fees are banned for most financial advisors. (kitces)
  • Tax-bill blues (news.vice)
  • How to retire well: a Barron’s roundtable. (barrons)
  • Comparing the robo-advisors for those in retirement. (wsj)
  • What matters most in personal finance? (whitecoatinvestor)
  • What Vanguard’s incoming CEO told us at EBI 2017, including his favorite stocks to play the Santa Claus Rally this year (Philadelphia Inquirer)
  • How Snapchat will outdo Facebook (or at least try to) (New York Times)
  • IVF is both a health and financial issue to deal with. (castlebaram)
  • How does the rise of the tech giants change the macroeconomy? (ft)
  • LA’s New Hype King Has Cracked How Millennials Spend (bloomberg)
  • Check for unclaimed property every year.
Read the rest
  • 10 questions to ask about where to live in retirement. (wsj)
  • Why performance and fulcrum fees are banned for most financial advisors. (kitces)
  • Tax-bill blues (news.vice)
  • How to retire well: a Barron’s roundtable. (barrons)
  • Comparing the robo-advisors for those in retirement. (wsj)
  • What matters most in personal finance? (whitecoatinvestor)
  • What Vanguard’s incoming CEO told us at EBI 2017, including his favorite stocks to play the Santa Claus Rally this year (Philadelphia Inquirer)
  • How Snapchat will outdo Facebook (or at least try to) (New York Times)
  • IVF is both a health and financial issue to deal with. (castlebaram)
  • How does the rise of the tech giants change the macroeconomy? (ft)
  • LA’s New Hype King Has Cracked How Millennials Spend (bloomberg)
  • Check for unclaimed property every year. (medium)
  • A Record Number Of Investors Are Exposed To “Higher Than Normal Risk” (ValueWalk)
  • How to built an investment advisor cybersecurity program. (alphaarchitect)
  • Is there a relationship between money and happiness? (evidenceinvestor.co.uk)
  • Caution alone is not an investment strategy (A Wealth Of Common Sense)
  • Economics isn’t a bogus science — we just don’t use it correctly (latimes)
  • Mercedes-Benz plans up to 150 software engineers at Seattle R&D office (Seattle Times)
  • Demonitization has not put a dent in the Indian stock market. (indexologyblog)
  • On the value of donating appreciated securities. (vanguardblog)
  • TIAA was once viewed as the gold standard, not any more. (nytimes)
  • Famed momentum investor Warren Buffett sells IBM on the lows, adds to Apple at the highs (Reuters)
  • MasterCard has filed a patent on its own blockchain-based money transfer solution (TechCrunch)
  • Five things you should push on in your Twenties. (medium)
  • Dan Solin, "Advisors are not life coaches and shouldn’t try to become one." (danielsolin)
  • The most important number for your financial health/happiness is your fixed living costs. (humbledollar)
  • No end in sight for passive boom, says investing pioneer (ft)
  • The economics profession is facing its own replication crisis. (wired)
  • What happens to your spending when you stop using your Amazon.com account. (humbledollar)
  • You will learn a lot more in your first years out of college than in college. (qz)
  • Our friend Meb Faber joins the Billion Dollar Club (ETF Trends)
  • Fund managers love the Eurozone but hate the UK. (fat-pitch.blogspot)
  • 5 investing do’s and don’ts. (behavioralvalueinvestor)
  • The 2017 Wall Street Oasis Hedge Fund Report. (wallstreetoasis)
  • Millennials love travel reward credit cards. (tearsheet.co)
  • What you should do before selling your house. (financialsamurai)
  • My guys Mike and Ben launched their new podcast, Animal Spirits, this morning. Subscribe and listen now! (iTunes)
  • Betterment is making it easier for clients to donate shares to charity. (investmentnews)
  • FAANG SCHMAANG: Don’t blame the overvaluation of the S&P solely on information technology (gmo)
  • How to spend less. (peterlazaroff)
  • Bitcoin exchanges are a weak link in the chain. (bloomberg)
  •  The star that blew up a little … then blew up a lot (syfy)
  • Wall Street’s Invasion of the Legal Weed Market (institutionalinvestor)
  • Robert Shiller is worried about the free-rider problem with indexing. (pragcap)
  • Two Stars Slammed Into Each Other And Solved Half Of Astronomy’s Problems. What Comes Next? (fivethirtyeight)
  • The CAPE ratio is 13% too high according to this model. (frbsf)
  • Education isn’t enough for better investing. (validea)
  • When will the Earth try to kill us again? (arstechnica)
  • "Income and corporate taxes are just part of the tax system." (calculatedriskblog)
  • David Swensen is nervous. (bloomberg)
  • A possible scenario for retirees that have undersaved. (alphabaskets)
  • Airlines are having little problem finding money to lease airplanes. (bloomberg)

11/14/17 – Tuesday’s Interest-ing Reads

  • Small businesses are still pretty optimistic. (calculatedriskblog)
  • Wolf of Wall Street-style ‘pump and dump’ scams plague cryptocurrency markets (Business Insider)
  • A small portfolio tweak can significantly increase safe withdrawal rates. (alphaarchitect)
  • Correlation between Dow components falling apart (Price Action Lab)
  • Philo is a new entertainment-focused streaming service for $16 a month. (wsj)
  • The German economy is doing just fine, thank you. (fortune)
  • A Little Knowledge is Dangerous (Of Dollars and Data)
  • Single CEOs don’t give a f*ck. (papers.ssrn)
  • Why taxable investors should put a big slug of their bond money into munis. (blogs.cfainstitute)
  • Roku’s ($ROKU) post-IPO trading has been unusual to say the least. (businessinsider)
  • People watch Netflix ($NFLX) pretty much everywhere. (qz)
  • International diversification makes sense, but tilts based on valuation need to be
Read the rest
  • Small businesses are still pretty optimistic. (calculatedriskblog)
  • Wolf of Wall Street-style ‘pump and dump’ scams plague cryptocurrency markets (Business Insider)
  • A small portfolio tweak can significantly increase safe withdrawal rates. (alphaarchitect)
  • Correlation between Dow components falling apart (Price Action Lab)
  • Philo is a new entertainment-focused streaming service for $16 a month. (wsj)
  • The German economy is doing just fine, thank you. (fortune)
  • A Little Knowledge is Dangerous (Of Dollars and Data)
  • Single CEOs don’t give a f*ck. (papers.ssrn)
  • Why taxable investors should put a big slug of their bond money into munis. (blogs.cfainstitute)
  • Roku’s ($ROKU) post-IPO trading has been unusual to say the least. (businessinsider)
  • People watch Netflix ($NFLX) pretty much everywhere. (qz)
  • International diversification makes sense, but tilts based on valuation need to be few and far between. (blog.thinknewfound)
  • Malls are looking to the hot, Millennial brands to bail themselves out. (wsj)
  • Literally treason (The Atlantic)
  • The US will become the undisputed global oil and gas leader for decades to come. (bloomberg)
  • Oil stocks are still lagging the rise in crude oil prices. (topdowncharts)
  • Muni bond investors would do well to avoid tobacco-backed bonds. (advisorperspectives)
  • Would you buy stock in a public Reddit? (variety)
  • Some thoughts on the ICO bubble. (hackernoon)
  • Liquid alts, like I’ve been telling you for years, are a shitshow (Morningstar)
  • How much stock should we put in the S&P 500’s twelve month positive streak? (bloomberg)
  • Is Apple ($AAPL) making a mistake betting on a Reese Witherspoon-Jennifer Aniston vehicle? (slate)
  • Single-family offices LOVE alts. (thinkadvisor)
  • Why Ted Seides lost his famous bet with Warrren Buffett (advisorperspectives)
  • If you love volatility, you are going to love Bitcoin Cash. (fortune)
  • Credit Suisse: Millennials deserve our sympathy (Bloomberg)
  • Missouri Attorney General Launches Probe Into Google’s Business Practices (Wall Street Journal)
  • A review of some recent factor-focused research papers. (capitalspectator)
  • Is AI-based stock trading overhyped? (venturebeat)
  • Why picking a good liquid alternative fund is so difficult. (beta.morningstar)
  • Venezuela officially defaulted on its bonds. (qz)
  • Richest 1% own half the world’s wealth (Guardian)
  • One way activist investors affect companies is making their acquisition strategies more disciplined. (papers.ssrn)
  • Active management is no cure-all for high valuations. (etf)
  • Around the world, cash is losing out to electronic payments. (nytimes)
  • How investors in aggregate can change their allocation to equities. (elmfunds)
  • The cost of trading market anomalies is higher than you think. (papers.ssrn)
  • Bloomberg is launching a 24/7 news network on Twitter ($TWTR). (axios)
  • Positive SMB may not mean you own Small-Caps. (alphaarchitect)
  • Why Bitcoin won’t become a medium of exchange. (bloomberg)
  • How to define an asset class in four steps. (windhamlabs)
  • Amazon Worth a Trillion a Year From Now, Says Morgan Stanley (Barron’s)

11/13/17 – Monday’s Interest-ing Reads

  • A dead simple productivity hack everyone can manage. (thriveglobal)
  • As ETF fees drop to 0.0%, other factors become more important differentiators. (marketwatch)
  • Among other things, crypto-assets are changing the nature of deal making for VCs and hedge funds. (wired)
  • Why do hedge funds underperform (badly) a relevant benchmark? (allaboutalpha)
  • Millennials love cold-brewed coffee. (wsj)
  • So many funds have no reason to exist. (awealthofcommonsense)
  • 2017 was the worst year weather-wise since 1927. (marketwatch)
  • There is a difference between ‘full’ and ‘enough.’ (sethgodin.typepad)
  • It’s time to starting to talking about the slope of the yield curve. (crossingwallstreet)
  • What CEOs had to say about the economy this week. (avondaleam)
  • GE slashes its dividend by 50% (Zero Hedge)
  • We finally have proof that visionary founders make the worst CEOs
Read the rest
  • A dead simple productivity hack everyone can manage. (thriveglobal)
  • As ETF fees drop to 0.0%, other factors become more important differentiators. (marketwatch)
  • Among other things, crypto-assets are changing the nature of deal making for VCs and hedge funds. (wired)
  • Why do hedge funds underperform (badly) a relevant benchmark? (allaboutalpha)
  • Millennials love cold-brewed coffee. (wsj)
  • So many funds have no reason to exist. (awealthofcommonsense)
  • 2017 was the worst year weather-wise since 1927. (marketwatch)
  • There is a difference between ‘full’ and ‘enough.’ (sethgodin.typepad)
  • It’s time to starting to talking about the slope of the yield curve. (crossingwallstreet)
  • What CEOs had to say about the economy this week. (avondaleam)
  • GE slashes its dividend by 50% (Zero Hedge)
  • We finally have proof that visionary founders make the worst CEOs (Quartz)
  • J.D. Roth, "If you want to speculate in Bitcoin, go for it. But don’t delude yourself that what you’re doing is investing." (getrichslowly)
  • Kids don’t covet toys they way the used to, hence the logic of a Mattel ($MAT)-Hasbro ($HAS) hook-up. (wsj)
  • Technology IS a cyclical sector. (advisorperspectives)
  • Uber and Softbank have cleared the way for the company to move forward. (wsj)
  • If you like volatility, then this was a good for Bitcoin watchers. (wsj)
  • Franklin Templeton ($BEN) is late to ETFs but not shy. (riabiz)
  • Why MLPs are in such disfavor. (sl-advisors)
  • Complaining about ETF trading issues is a false flag. (bloomberg)
  • UK business schools are seeing a Brexit-induced exodus. (ft)
  • The Bitcoin-Bitcoin Cash battle is heating up. (arstechnica)
  • Americans trust Amazon as much their banks (The Big Picture)
  • What happened Tyler Cowen went to an Amazon ($AMZN) store. (marginalrevolution)
  • A closer look at the flattening yield curve. (bloomberg)
  • US heavy truck sales are up year-over-year. (calculatedriskblog)
  • How low volatility today sets markets up for higher volatility in the future. (mrzepczynski.blogspot)
  • This is the big difference between Bitcoin and Bitcoin Cash. (bloomberg)
  • The economic schedule for the coming week. (calculatedriskblog)
  • Saying your fund is run by AI is the new, hot backtest. (wsj)
  • Vanguard’s entry will push down smart beta ETF expenses. (institutionalinvestor)
  • When to show up for anything. (esquire)
  • The world’s tech companies have added $1.7 trillion in value this year. (ritholtz)
  • A multi-factor portfolio approach would dominate actual equity hedge fund performance. (factorresearch)
  • Bitcoin had one of those mini-crashes it’s famous for over the weekend (Bloomberg)
  • The One Yield Curve That Should Concern Powell (Bloomberg View)
  • The Vanguard Total Corporate Bond ETF Shares ($VTC) combines three Vanguard ETFs. (etf)
  • Not all index funds do what they are supposed to do. (blogs.wsj)
  • Matt Levine: Machine traders will be just as shady as humans, with none of the guilt (Bloomberg View)
  • Why financial advisors don’t charge performance fees (Nerd’s Eye View)
  • Andy Thrasher’s chart review is a good read (A Thrasher)
  • There are good and bad reasons to hold cash in your portfolio, but it’s important to remember cash is not risk-free. (BlackRock Blog)
  • Why you should pay attention to what Japan’s Government Pension Investment Fund is doing. (themacrotourist)
  • America loses its last denim factory (New York Times)
  • Euro Economy Is Heading Towards a Golden Period (Bloomberg)
  • What’s the right amount of margin for Bitcoin futures? (barrons)
  • Some banks are structuring themselves to make sure they are NOT overseen by the Federal Reserve. (wsj)
  • What happens when an ETF changes the index it tracks, sometimes dramatically. (etf)
  • GE’s got a plan to fix the disaster Immelt left in his wake (Wall Street Journal)
  • A succinct summary of the week’s economic events. (ritholtz)

11/11/17 – Saturday’s Interest-ing Reads

  • How men came to fuss over their lawns. (melmagazine)
  • America loves Honey Nut Cheerios. How healthy are they? (nytimes)
  • Notre Dame football is a BIG business. (espn)
  • Hedge fund manager Mark Spitznagel is also an award-winning goat cheese maker. (bloomberg)
  • 12 great business lessons from Alton Brown. (25iq)
  • Bob Lutz, "It saddens me to say it, but we are approaching the end of the automotive era." (autonews)
  • NFL players are hooked on (useless) smelling salts. (espn)
  • What men can do to increase the health of their sperm. (artofmanliness)
  • How our gut microbes affect cancer treatments. (nature)
  • What happens when you click on a Netflix ($NFLX) video. (medium)
  • Can a brain scan help predict suicide? (wsj)
  • 50 ways to live life on your own terms. (medium)
Read the rest
  • How men came to fuss over their lawns. (melmagazine)
  • America loves Honey Nut Cheerios. How healthy are they? (nytimes)
  • Notre Dame football is a BIG business. (espn)
  • Hedge fund manager Mark Spitznagel is also an award-winning goat cheese maker. (bloomberg)
  • 12 great business lessons from Alton Brown. (25iq)
  • Bob Lutz, "It saddens me to say it, but we are approaching the end of the automotive era." (autonews)
  • NFL players are hooked on (useless) smelling salts. (espn)
  • What men can do to increase the health of their sperm. (artofmanliness)
  • How our gut microbes affect cancer treatments. (nature)
  • What happens when you click on a Netflix ($NFLX) video. (medium)
  • Can a brain scan help predict suicide? (wsj)
  • 50 ways to live life on your own terms. (medium)
  • Is addictive the same thing as evil, when it comes to Facebook ($FB)? (slate)
  • This is what an automated grocery store looks like. (bloomberg)
  • The US is the only country in the world to not accept the Paris climate deal. (theverge)
  • The national running bubble has popped. (nytimes)
  • Natural burials are a growing trend. (newscientist)
  • What America’s beer industry looked like before the craft brewing revolution. (vinepair)
  • The National Flood Insurance program broken. (nytimes)
  • How seeing life through another’s eyes can provide some much needed perspective. (financialsamurai)
  • Torn knee ligaments often lead to arthritis within a decade. (nytimes)
  • America’s retail apocalypse is just starting. (bloomberg)
  • Why we find more male Mammoths than female. (nytimes)
  • Waymo seems to be ahead of everyone else on autonomous vehicle technology. (ft)
  • AB InBev is buying stakes in beer rating sites. (foodandpower)
  • Mail-Order CRISPR Kits Allow Absolutely Anyone to Hack DNA (scientificamerican)
  • How Corporations and the Wealthy Avoid Taxes (and how to stop them) (nytimes)
  • Seattle has a bit of a love-hate relationship with Amazon ($AMZN). (citylab)
  • Can ketones rev up your workout? (nytimes)
  • Despite big increases in renewable energy, decarbonization is still minimal. (nytimes)
  • Macklowe vs. Macklowe (therealdeal)
  • Waymo is now testing autonomous vehicles absent a backup driver. (nytimes)
  • Nudging people to better health is more complicated than it seems on its face. (nytimes)
  • Former pro athletes see the opportunity in e-sports. (wsj)
  • Social media is no friend of democracy. (economist)
  •  Will Traditional Auto Makers Steal the Future From Tesla? Global auto makers are rapidly innovating and restructuring legacy operations. (barrons)
  • Marriage for life is an outdated concept. (bigthink)
  • Cancer docs are stepping up their game against alcohol use. (businessinsider)
  • Smart NFL coaches don’t punt. (slate)
  • Food waste is a business opportunity. (wsj)
  • Perceptions of beauty are not universal. (nautil.us)
  • Harvey Weinstein’s Army of Spies (newyorker)
  • Who invests in e-sports? (venturebeat)
  • Here’s to making more inventive spirits. (pastemagazine)
  • How following your passion nearly ruined this guy’s life. (torontolife)
  • Lake Michigan supplies Chicago and its suburbs with water but residents paying shockingly different rates. (graphics.chicagotribune)
  • America’s essential 38 restaurants. (eater)
  • Health insurers want you to think really hard about going to the ER. (statnews)
  • The bull market in coffee shops is slowing. (wsj)
  • America’s favorite apple, the Honeycrisp, has a big problem. (modernfarmer)
  • Michael Porter’s theories are hugely influential but are they right? (institutionalinvestor)
  • Why you should dump your smartphone for a flip phone. (thefelderreport)
  • Why the flu vaccine doesn’t work as well as it should. (scientificamerican)
  • ‘Virtual restaurants’ are custom-built to thrive on platforms like GrubHub. (wsj)
  • What Happens If China Makes First Contact? (theatlantic)
  • How ketone drinks could give you an energy boost. (businessinsider)
  • ‘Coffee rust’ is a coffee plant killer. (bbc)
  • 9 reasons to go to therapy even if you aren’t depressed. (businessinsider)
  • It is now pretty much established that humans came to North America sooner than previously thought. (arstechnica)
  • IBM ($IBM) has built a 50-qubit quantum computer. (technologyreview)
  • Just a reminder that everyone is dealing with their own stuff. (qz)

11/10/17 – Friday’s Interest-ing Reads

  • The Paradise Papers show tax avoidance is a widespread, global phenomenon. (economist)
  • The sad story of the world’s worst mutual fund. (longreads)
  • Twitter ($TWTR) is willfully wrecking its ‘unique selling proposition’ with 280 characters. (daringfireball)
  • Russ Roberts talks with Jennifer Burns author of "Goddess of the Market: Ayn Rand and the American Right." (econtalk)
  • Jason Kottke, "How do you accomplish your work but also leave ample time for letting your creative mind off the leash?" (kottke)
  • The prime working age population is nearing 2007 highs. (calculatedriskblog)
  • Why the stock market is giving tech the benefit of the doubt. (bloomberg)
  • A profile of Victor Haghani a proponent of index fund investing. (wsj)
  • When compounding gets interrupted. (fortunefinancialadvisors)
  • Jordan Harbinger talks with Bob Sutton author of "The
Read the rest
  • The Paradise Papers show tax avoidance is a widespread, global phenomenon. (economist)
  • The sad story of the world’s worst mutual fund. (longreads)
  • Twitter ($TWTR) is willfully wrecking its ‘unique selling proposition’ with 280 characters. (daringfireball)
  • Russ Roberts talks with Jennifer Burns author of "Goddess of the Market: Ayn Rand and the American Right." (econtalk)
  • Jason Kottke, "How do you accomplish your work but also leave ample time for letting your creative mind off the leash?" (kottke)
  • The prime working age population is nearing 2007 highs. (calculatedriskblog)
  • Why the stock market is giving tech the benefit of the doubt. (bloomberg)
  • A profile of Victor Haghani a proponent of index fund investing. (wsj)
  • When compounding gets interrupted. (fortunefinancialadvisors)
  • Jordan Harbinger talks with Bob Sutton author of "The Asshole Survival Guide: How to Deal with People Who Treat You Like Dirt." (theartofcharm)
  • Wall Street loves Star Wars. (qz)
  • Luck plays a huge role in our lives. (scientificamerican)
  • Some podcasts you should check out via Tim Harford, a formidable podcaster in his own right. (timharford)
  • Barry Ritholtz talks with John Montgomery, Chairman and Chief Investment Officer of Bridgeway Capital Management. (ritholtz)
  • Are peer-to-peer loans really serving an unmet need? (dealbreaker)
  • A talk with neuroscientist Matthew Walker about his new book "Why We Sleep." (ft)
  • How much attention is the Fed going to pay to the unemployment rate? (bloomberg)
  • Jesse Felder talks with Tobias Carlisle author of "The Acquirer’s Multiple." (thefelderreport)
  • Dan Harris talks with the ‘Wharton monk,’ Andrew Scheffer. (overcast.fm)
  • Muni bond trading is going increasingly electronic. (bloomberg)
  • Tim Ferriss talks with Tim O’Reilly author of "WTF?: What’s the Future and Why It’s Up to Us." (tim.blog)
  • Freakonomics on the economics of think tanks. (freakonomics)
  • Brian Koppelman talks with Mike Mills of R.E.M. (overcast.fm)
  • Michael Covel talks with Frank Ostaseski author of "The Five Invitations: Discovering What Death Can Teach Us About Living Fully." (trendfollowing)
  • Strategic allocation funds serve their investors well. (beta.morningstar)
  • So where are the women in alternative investing? (institutionalinvestor)
  • Meb Faber talks with venture capitalist Alex Rubalcava. (mebfaber)
  • What is Apple ($AAPL) Pay Cash? (valuewalk)

11/09/17 – Thursday’s Interest-ing Reads

  • Beware an inverted yield curve not a flattening one. (bloomberg)
  • What would you do if everything on your calendar got cancelled? (sethgodin.typepad)
  • Nobody KNOWS what they are doing. The best make decisions and move on. (m.signalvnoise)
  • Can startup investments be made using solely quantitative techniques? (usv)
  • The stock market is always risky, some times more than others. (pragcap)
  • The Fed has been effectively tightening longer than commonly thought. (marketanthropology)
  • Fidelity has pulled back on startup investing except for the recent Compass deal. (bloomberg)
  • 10 lessons learned from a novice startup CEO. (medium)
  • How mutual funds invest in unicorns. (papers.ssrn)
  • You have to build frugality into a startup from the get-go. (appsterhq)
  • Summaries from recent high-profile investment conferences. (marketfolly)
  • Four signs your startup is in trouble.
Read the rest
  • Beware an inverted yield curve not a flattening one. (bloomberg)
  • What would you do if everything on your calendar got cancelled? (sethgodin.typepad)
  • Nobody KNOWS what they are doing. The best make decisions and move on. (m.signalvnoise)
  • Can startup investments be made using solely quantitative techniques? (usv)
  • The stock market is always risky, some times more than others. (pragcap)
  • The Fed has been effectively tightening longer than commonly thought. (marketanthropology)
  • Fidelity has pulled back on startup investing except for the recent Compass deal. (bloomberg)
  • 10 lessons learned from a novice startup CEO. (medium)
  • How mutual funds invest in unicorns. (papers.ssrn)
  • You have to build frugality into a startup from the get-go. (appsterhq)
  • Summaries from recent high-profile investment conferences. (marketfolly)
  • Four signs your startup is in trouble. (blog.usejournal)
  • Every meeting should have an owner who shares the agenda ahead of time. (slackhq)
  • How much do startup founders make in practice? (medium)
  • Five ways to support a startup (without investing). (linkedin)
  • How giving up Facebook ($FB) for a month affects productivity. (medium)
  • Investing in tangible assets, like wine, may not particularly profitable but it is fun. (beta.theglobeandmail)
  • How $300 million in Ethereum was stolen and destroyed. (theguardian)
  • What happens when a parent and child pair up to build a business. (nytimes)
  • A reluctant discussion of the US stock market’s status, bubble-wise. (calculatedriskblog)
  • Startups are making a mistake by assiduously avoiding middle-aged consumers. (collaborativefund)
  • Momentum has been the best performing factor over the past year. (capitalspectator)
  • There is still little sign of stress in the weekly initial unemployment claims figures. (calculatedriskblog)
  • Effective arguing is a skill. (melmagazine)
  • Is Facebook ($FB) flat out broken? (bloomberg)
  • How Disney ($DIS) could jump start its OTT efforts by taking control of Hulu. (cnbc)
  • Semil Shah talks about the challenges in raising Haystack IV. (blog.semilshah)
  • Sean Parker now recognizes the problems with social media and Facebook ($FB). (axios)
  • How the Mt. Gox owners will actually benefit from the run-up in Bitcoin prices. (wsj)
  • Interest in ESG strategies keeps growing. (smartleaf)
  • No Bitcoin fork…for now. (nytimes)
  • How to write effective e-mails. (medium)
  • The track record for Regulation A+ IPOs has not been good. (bloomberg)