12/14/15 – Monday’s Interest-ing Reads

  • Why pick winners when it is just as profitable to avoid the losers. (valueandopportunity)
  • Third Avenue fires its CEO, bars him from the buidling (Business Insider)
  • There’s not much in the way of positive asset class performance in the past year. (capitalspectator)
  • Why credit risk doesn’t pay. (etf)
  • Avoid broker-sold mutual funds. (wsj)
  • Technology is advancing so fast that traditional economic metrics haven’t kept up (blackrockblog)
  • On the relationship between skew risk and the low risk anomaly. (papers.ssrn)
  • Media coverage is good for stock returns. (papers.ssrn)
  • There are no shortage of plans to fix Yahoo ($YHOO). (wsj)
  • Simon Lack on Kinder and the evolution of MLPs (SL Advisors)
  • On the advantages of bond ETFs vs. bond mutual funds. (etf)
  • The tiny Utah bank behind much of the consumer P2P lending. (wsj)
  • In 2015, Netflix became a legitimate TV network. Now what? (wired)
  • Morgan Stanley delivers the coup de grace for GoPro (Benzinga)
  • Apple ($AAPL) a self-reinforcing profit machine. (appleinsider)
  • The challenges of central bank divergence: The US is years ahead of the EU in recovery and so at a different stage of the monetary policy cycle (ft)
  • Five Mind-Blowing Stats from the Selloff in the Biggest Junk Bond ETF (Bloomberg)
  • How value and momentum strategies expanding the efficient frontier. (blog.alphaarchitect)
  • In defense of philanthrocapitalism. (newyorker)
  • 25 traders to follow on Twitter. (newtraderu)
  • “The paradox of skill” and why active managers continue to underperform. (etf)
  • A hedge fund manager who makes money shorting leveraged ETFs. (reuters)
  • Should you freak out about your junk bond fund? (LinkedIn)
  • Corporate CEOs speak out on interest rate liftoff (Enterprising Investor)
  • The sad story at Biglari Holdings ($BH) rolls on. (inelegantinvestor)
  • Are junk bond ETFs doing what they are supposed to? (thereformedbroker)
  • Apple ($AAPL) Music is getting deeper into the Taylor Swift business (recode)
  • On the use of the enterprise multiple on a global basis. (greenbackd)
  • The low volatility anomaly is a global phenomenon. (etf)
  • The real reasons Donald Trump’s so popular — for people totally confused by it (washingtonpost)
  • Oil: It’s almost at zero (Financial Times)
  • The Fed is starting to realize it doesn’t control inflation (Wall Street Journal)
  • A buying opportunity is setting up in junk bond ETFs. (fmdcapital)
  • Dividend cuts are picking up. (politicalcalculations.blogspot)
  • CEOs Aren’t Always Paid for What They Can Control (bloombergview)
  • Why interest rates could stay low for a long time to come. (mobile.nytimes)
  • Consumer pricing is going dynamic. (wsj)
  • Why you should take a Fed rate hike in stride. (basonasset)
  • Misbehaving Markets Seen No Barrier This Time to Unstoppable Fed (bloomberg)
  • Playboy Interview: Frank Sinatra (longform)
  • The Legal Argument for Daily Fantasy Proves It’s a Racket (time)
  • Why is Apple ($AAPL) bothering with an “ugly, underpowered” battery case? (slate)
  • Junk bonds go through periods of volatility. (awealthofcommonsense)
  • To start Yahoo ($YHOO) should stop wasting money on failed startups. (businessinsider)
  • Seriously, buy a storage tank (Reuters)
  • How the Economy Helps Trump: Despite steady recovery, too many Americans feel like they’re on the outside looking in. (politico)
  • Wall Street forecasts are pretty much useless. (pragcap)
  • Since 2008, mortgage giants Fannie and Freddie’s government rescuehas been held to far more punishing standards than the big banks. It’s all part of Wall Street’s plan totake over mortgage profits (nytimes)
  • Goldman: Can we have a junk bond meltdown without a recession? (Business Insider)
  • What 1099 forms tell us about the rise of the “gig economy.” (bloombergview)
  • The Fed has only one crack at this liftoff thing. (economistsview.typepad)
  • On the value of a sabbatical. (feld)

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