10/11/16 – Tuesday’s Interest-ing Reads

  • Shane Parrish, "Biological systems tend towards what is comfortable." (farnamstreetblog)
  • Canada’s Big Bet on Stimulus Draws Global Attention (wsj)
  • Nobel Prize in Economics: Who Are Oliver Hart and Bengt Holmstrom? (blogs.wsj)
  • Corporate culture is important but the C-suite doesn’t think their companies are there yet. (papers.ssrn)
  • If you are not humble in the face of the size and complexity of the global financial markets you are not paying attention. (theirrelevantinvestor)
  • Founders need to be able to trust their VCs. (medium)
  • Make sure your backtest proxy is a good one. (allocatesmartly)
  • How Wells Fargo’s rivals make it harder for employees to create fake accounts (latimes)
  • My First Gulfstream: A top entrepreneur joins the elite fraternity of private-jet owners. Sixteen months, $12 million, and thousands of F.A.A. regulations later, he assesses the ride.&#xA0 (vanityfair)
  • Hedge fund performance improving through the 3rd quarter (Value Walk)
  • What Wal-Mart ($WMT) needs to do to compete with Amazon ($AMZN). (fortune)
  • Renaissance Technologies is attracted big slugs of cash. (wsj)
  • BlackRock’s great explainer piece on duration risk (BlackRock Blog)
  • Why you should expect to see more asset management mergers. (bloomberg)
  • "Markets have changed significantly and essentially arbitraged out the signals of random chart traders" (Price Action Lab)
  • Even being a passive investor is hard work. (fmdcapital)
  • Would You Vote for Someone Who Thinks the Earth Is Flat? (slate)
  • A Q&A with Eddy Elfenbein portfolio manager of the AdvisorShares Focused Equity ETF ($CWS). (wsj)
  • How to value a startup. (medium)
  • Why don’t hedge fund report returns like other managers? (bloomberg)
  • Oliver Hart and Bengt Holmström are the winners of the 2016 Nobel Prize in Economics. (bloomberg)
  • ICYMI – some pics and thoughts from my London trip (TRB)
  • Alternative investments have made little headway in getting on retirement plan menus (Investment News)
  • The Great Market Switcheroo of 2016: As greed replaces fear, investors dive into riskier assets and former laggards lead markets (wsj)
  • Trading in the US muni bond market is "archaic." (ft)
  • Trendy funds gather more assets. (citywireusa)
  • The US economy in 2016 is playing out pretty much as expected. (calculatedriskblog)
  • Forget strategics, Twitter needs a financial buyer – preferably a bastard (John Hempton)
  • Psychologists have behavioral economics envy. (medium)
  • Why we seek out alternative strategies post-bear market. (thereformedbroker)
  • Neil Young and Paul McCartney duets were a highlight at "Oldchella" this weekend (Vulture)
  • The activist wave has crested. (ft)
  • Nobel Prize in Economics winners announced (New York Times)
  • Wal-Mart Makes Risky Bet It Can Loosen Amazon’s Grip Online (bloomberg)
  • Seven lessons learned on the sell-side. (wilowallstreet)
  • Debate reaction in stocks, currencies (Zero Hedge)
  • Twitter ($TWTR) desperately needs to cut costs. (brontecapital.blogspot)
  • Mr. Market Doesn’t Care About Your Politics (bloomberg)
  • Everything you’re working on is an investment in tomorrow. (Seth’s Blog)
  • JPMorgan Diversified Alternatives ETF ($JPHF) provides one-stop shopping for alt strategies. (wsj)
  • How to parse a fund name. (monevator)
  • Large hedge fund sues Theranos and its founder for the web of lies (Wall Street Journal)
  • Amazon ($AMZN) is pushing into physical grocery stores. (wsj)
  • The challenge of market timing. (awealthofcommonsense)
  • You can’t outperform every year. (blog.cordantwealth)
  • How CEOs decide whether to give you a raise. (fastcompany)
  • ETF flows don’t necessarily tell us anything about sentiment. (etf)
  • John Hempton’s comments on the Twitter buyout rumors (brontecapital.blogspot.ca)
  • How ‘recycling’ works with seed stage funds. (informationarbitrage)
  • Managed futures mutual funds continue to attract capital. (managed-futures-blog.attaincapital)
  • Does equal-weighting work for asset allocation? (capitalspectator)
  • Be careful when picking a ticker for your company. (wsj)
  • What a ‘hard raise’ tells a company about its prospects. (avc)
  • At the Enterprising Investor blog I write about the reality of climate change and its effect on investing. (blogs.cfainstitute)
  • Millennials aren’t big spenders or risk takers, and that’s going to reshape the economy (latimes)
  • Term risk and the low vol anomaly. (etf)
  • How the owners of Fidelity get richer at everyday investors’ expense (reuters)
  • Morgan Stanley: China’s economy is fine (Bloomberg)
  • Emerging market equities ruled the past week. (capitalspectator)
  • When raising a Series A don’t have unreasonable financial projections. (medium)
  • What Climate Change Means for Investors (barrons)
  • Bond ETF volume is surging. (ft)
  • What can startups learn from the demise of Fab.com? (bloomberg)
  • How MailChimp achieved success breaking all the rules of startups. (nytimes)
  •  The White House Rule: No Tax Returns, No Job (nytimes)
  • Diversification is the key to avoid long periods of underperformance in factor investing. (etf)
  • Jerry Colonna talks with two VCs who are taking different approaches to investing. (avc)
  • Chris Arnade on the "front row kids" is an amazing read (Medium)
  •  The Top 200 Sustainable Mutual Funds (barrons)
  • The case for put-writing in an expensive market. (econompicdata.blogspot)
  • Algorithmic trading is narrowing bid-ask spreads in the forex market but is increasing the risk of big gaps. (ftalphaville.ft)
  • Your Next Friend Could Be a Robot (wsj)
  • Samsung kills the Galaxy Note 7 (Los Angeles Times)
  •  An Economics Nobel for Examining Reality (bloomberg)
  • A Great Cost Migration Is Upending the Financial Industry (bloomberg)
  • Recency Bias Creates Frustration With Stocks (Andy Thrasher)
  • The Rise of the "Bromosexual" Friendship (nytimes)

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