08/01/17 – Tuesday’s Interest-ing Reads

  • Boom! OPEC’s Second Existential Sucker Punch (bloomberg)
  •  Searching for the punchline in the covfefe era (story.californiasunday)
  •  Why Private Equity Really Is Capitalism at Its Worst (rollingstone)
  • Elon Musk Gets Personal About His ‘Terrible Lows’ and ‘Unrelenting Stress’ (cnbc)
  • Venezuela’s Epic and Unprecedented Collapse (project-syndicate)
  • How to Prepare Preschoolers for an Automated Economy (nytimes)
  • Equity trading is rapidly becoming the province of algorithms. (dealbreaker)
  • Double-Edged Sword: US Sanctions on Venezuela (reuters)
  • More evidence that the state of (Fed) monetary policy affects the stock market. (papers.ssrn)
  • Trend following has worked for a long time. (medium)
  • Tesla Is Exposing Two Large Blind Spots in Market Sentiment (bloomberg)
  • More That CEOs Will Admit, Business Loves Gov’t Hand-Holding (bloomberg)
  • A Private-Sector Case Against Exploitation and Inequality (thenation)
  • Doing What Hollywood Studios Do, Sans the Studios (nytimes)
  • Big changes come about through "small actions repeated consistently over a very long period of time." (nytimes)
  • Pricey: Market Risk Is High, Prospective Return Is Low (barrons)
  • Trying To Fix A Huge Problem In Science: The results of too many scientific studies aren't standing up to scrutiny. A group of scientists think they can change that (buzzfeed)
  • Why Americans Get Conned Again and Again (theatlantic)
  •  Realism on Russia: We must investigate claims of Russian interference in the election, while also de-escalating a dangerous crisis. (thenation)
  • A rarity in the hedge fund world: a new short-focused fund. (bloomberg)
  • Get Ready For the Stock Market’s (Good) August Surprise (marketwatch)
  • Four Major US Cities Are Ringing Housing Bubble Alarm (cnbc)
  • Do oil stocks now have a permanent headwind? (markdow.tumblr)
  • Why do factors seem more potent when applied to a micro-cap universe? (factorinvestor)
  • Net issuance is bad for returns. (etf)
  • Junk bond spreads just keep on declining. (bloomberg)
  • Watch Out Illinois, Missouri Is Making Gains On You Fiscally (forbes)
  • One of the Next Big Challenges for Small Downtown U.S. (citylab)
  • An Argument That a Near-Term Market Correction Looms (marketwatch)
  • How Do I Hate Thee, Amazon? Let Me Count the Many Ways (thestreet)
  • What do random factor portfolios tell us about how easy it is to beat the market? (capitalspectator)
  • Driving Tesla’s Model 3 Changes Everything (bloomberg)
  • What Next for Venezuela? Crisis & Isolation (cnn)
  • How Shareholder Value is Killing Innovation (nakedcapitalism)
  • Liberty SiriusXM ($LSMKX) trades at a 16% discount to SiriusXM ($SIRI) stock. (sumzero)
  • Neither Cars nor Driverless Cars Require Federal Regulations (reason)
  • Netflix is carrying $20 billion in debt. Can it keep borrowing its way to success? (latimes)
  • Why you should say nice things about your colleagues. (hbr)
  •  Celebrating Greenspan's Legacy of Failure&#xA0 (bloomberg)
  • Correction Up to 63% Would Be Pedestrian at This Point (hussmanfunds)
  • Head Fake? Oil Races Back to $50 — But Can It Stay There? (cnn)
  • How Americans get their health care: an infographic. (visualcapitalist)
  • While Other U.S. Companies Flee China, Starbucks Enters (nytimes)
  • ‘Market FOMO’ Has Millennials Putting Cash into the Stock Market (yahoo)
  • Why a focus on the $VIX is misleading. (ritholtz)
  • Not even the hedge fund elite are immune from client redemptions. (bloomberg)
  • Why Each One Should Eat His Own Turtles (Revised) (medium)
  • Important Benefit Is Back to Investors after 20 Years (schwab)
  • Post-2009 acquisitions are no longer a value-killer for public companies. (sciencedirect)
  • It’s good to be a private equity fund these days…the fundraising is easy. (institutionalinvestor)
  • Why do investors unnaturally fear a crash? (mrzepczynski.blogspot)
  • July was a risk-on month. (mrzepczynski.blogspot)
  • A Technical Shadow On The Bull Market (barrons)
  • Janet Yellen’s Risky Policy Gamble On QE (investors)
  • How Jack Welch’s Biggest Blunder Makes Boeing Stock A Buy (forbes)
  • A-Rod’s Next Chapter Is a Whole New Ballgame: Business (fortune)
  • Why your business should "respect whales." (sethgodin.typepad)
  • Starbucks ($SBUX) is going big (and alone) in China. (nytimes)
  • Youth employment is finally picking up. (fredblog.stlouisfed)
  • 10 Things We Learned From Dr. Dre/Jimmy Iovine Doc "The Defiant Ones" (rollingstone)
  • Trade & Global Risk That Could Make the U.S. a Factory Floor (forbes)
  • Good Times For Bulls May Be Coming To A Close, Here’s Why (forbes)
  • The Six Things Central Bankers Don’t Understand About Wages (bloomberg)
  • High-Paying Work That Could Free You From a Daily Grind (usatoday)
  • Tesla Model 3 Reviewers Are In Love (Yes, the Hyperbole Is Necessary) (qz)
  • 5 unusual features in the Tesla Model 3, including an instrument-free dash (latimes)
  • Gov’t Can’t Predict the Future, Why Allow It to Design It? (investors)
  • Etsy ($ETSY) isn’t a tech company, its a retailer. (wsj)
  • The Taxes and Agencies That Destroy Innovation (washingtontimes)
  • Good investors try to tune out the noise. (ofdollarsanddata)
  • Growth is not the opposite of value. (researchaffiliates)
  • The July ISM manufacturing report was "solid." (calculatedriskblog)
  • Bi-Weekly Economic Review: Extending The Cycle (alhambrapartners)
  • The case for commodities is diversification. (gersteinfisher)
  • Don’t call for a top before there is at least a little weakness. (thereformedbroker)
  • Demand outstrips supply for good ESG investing opportunities. (collaborativefund)
  • Greenspan sets off alarm bells about what may come for bonds and equities (bloomberg)
  • Man Group is increasing AUM but alongside that comes fee compression. (bloomberg)
  • How major asset classes performed in July. (capitalspectator)
  • The Fed’s Monetary Tantrum Will Push Economy Into Deflation (forbes)
  • Why don’t we see more work on carry? (cantabcapital)
  • What is the correct measure of trading efficiency for an exchange? (beta.morningstar)
  • What Spotify is doing in anticipation of a direct listing of its stock. (techcrunch)
  • Be careful what you wish for, you just might get it. (thereformedbroker)
  • A ‘Healthy’ Decline To Begin Soon (marketwatch)

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