10/19/15 – Monday’s Interest-ing Reads

  • Buying high yield sovereigns works. (mebfaber)
  • Why the math behind global strategies is compelling. (gestaltu)
  • Value stocks, as a whole, can underperform dramatically. (blog.alphaarchitect)
  • China Economic Growth Falls Below 7% for First Time Since 2009 (WSJ)and coincidentallyReport Warns of Chinese Hacking (wsj)
  • Why indexing works. (arxiv)
  • The IPO window is still open to companies willing to compromise on price. (blogs.wsj)
  • Big banks don’t want your deposits. (wsj)
  • Twitter ($TWTR) has an investor problem. (qz)
  • On the predictability of illiquid stocks. (papers.ssrn)
  • How beta is related to breadth of institutional ownership. (papers.ssrn)
  • Maintaining a native app is difficult. (medium)
  • Lowenstein:Why Americans Don’t Trust the Fed (wsj)
  • How the U.S. and OPEC Drive Oil Prices (nytimes)
  • Join me at the IMN Global Indexing and ETF Conference this December (TRB)
  • They lied to you about the immunity of MLPs to energy prices (Wall Street Journal)
  • Homebuilder confidence is at a ten-year high. (calculatedriskblog)
  • Ben Bernanke, the Grown-Up in the Room: At a time of shrill politics, the former Fed chief reminds us of what mature leadership is about. (politico)
  • The Fed board is seriously split. (blogs.ft)
  • The zombie apocalypse has finally gotten underway (Telegraph)
  • Publishers need to straddle the Google ($GOOG)-Apple ($AAPL) divide. (nytimes)
  • Insights from a financial recruiter. (blogs.cfainstitute)
  • Some charts detailing the slowdown in global economic growth. (shortsideoflong)
  • REITs are cheap. Should they be buying back shares? (institutionalinvestor)
  • Why a naive, equal-weighted, asset allocation works so well. (blogs.cfainstitute)
  • Hunter S. Thompson on the difference between living and existing (Farnam Street)
  • The subprime ‘unicorns’ that do not look a billion dollars (ft)
  • Propaganda trumps journalism in conservative media climate reporting (theguardian)
  • Some slight evidence for skilled fund managers. (blog.alphaarchitect)
  • Why Is the CBO Concocting a Phony Debt Crisis? A simple accounting trick is arming austerity hawks with a powerful, phony weapon. (thenation)
  • There’s only so many return factors you can use at a time. (etf)
  • Multi-factor investing isn’t easy but the new Goldman Sachs Active Beta U.S. Large Cap Equity ($GSLC) looks good. (dualmomentum)
  • Why you don’t need bonds funds. (wsj)
  • Naive fundamental analysis works. (blog.alphaarchitect)
  • Buying individual bonds does not the erase risk. (awealthofcommonsense)
  • Netflix finds that the movie business is no walk in the park (The Wrap)
  • Morgan Stanley needs either more or less volatility to meet profit expectations, we’re not sure which. (MoneyBeat)
  • Teenagers heart Snapchat and Instagram. (blogs.wsj)
  • Look for companies that consistently shrink share count not splashy big buybacks. (bloomberg)
  • Nice compare & contrast: Coin Flippers Drenched in Alpha (theirrelevantinvestor.wordpress)
  • How analysts can get the most out of a meeting with management. (blog.stockviews)
  • A history of the junk bond market: 1910-1955. (papers.ssrn)
  • The Ballad of the Breakaway Broker (thereformedbroker)
  • The Justice Department is going to have make some tough mega-antitrust decisions. (wsj)
  • Exploring the dynamics of emerging and frontier market USD bond markets. (papers.ssrn)
  • What should companies say when the CEO is sick? (wsj)
  • The Force Awakens theatrical poster hit the web this weekend, looks killer (starwars.com)
  • 10 sports terms that help explain Wall Street. (maliceforall)
  • Chuck Jaffe, “No investor today has a hole in their portfolio that can only be filled by an actively managed fund cloaked as index fund based on what people are saying on Twitter.” (marketwatch)
  • Cheap BDCs are leading to fights over assets. (ft)
  • Theranos Trouble: A First Person Account (mondaynote)
  • There’s no compelling reason for the Fed to raise rates. (bloomberg)

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