Saturday links: inefficiency and innovation
The weekend is a great time to catch up on some longer items that we passed up on during the week. Thanks for checking in. Investing Why financial markets are inefficient.  (voxEU) Public pensions continue to dive even deeper into private equity.  (WSJ) Innovation On the dangers of being too innovative.  (Falkenblog) Is the world running out of life altering innovations?  (Economist) Companies How LinkedIn ($LNKD) broke the mold on its way to 200 million users.  (Pando Daily) How the ICE ($ICE) went from nothing to the presumed owner of th
http://feedproxy.google.com/~r/abnormalreturns/~3/QkKO9wxxx-I/ 2013-01-26 07:06:41 PST

A Nice Start To Earnings Season
The markets are mixed this morning after closing near their highs yesterday and marking a 5th consecutive up day for the market.  Earnings season really kicks into high gear this week, and so far we are seeing some nice positive reactions.The big winner on the Nasdaq is Google (GOOG), which beat EPS estimates and showed some solid growth metrics.  The stock is up nearly 6% this morning near the $750 level.  Another large growth stock that beat earnings and is 10% higher today is Intuitive Surgical (ISRG).The big winner in the Dow
http://mymoneylife.blogspot.com/2013/01/a-nice-start-to-earnings-season.html 2013-01-23 09:59:00 PST

Back In The Saddle
The market broke out of its recent range last week to move to new 5-year highs.  Those types of headlines tend to make folks more bullish about stocks.  In the short-term, the market looks a bit overbought.  We are also getting into the meat of earnings season, which could lead to some pullback in the market.In economic news, existing home sales for December hit 4.94 million units, but this was below estimates of 5.10 million units.The big report we are waiting to see is Google (GOOG) which reports earnings after the market close
http://mymoneylife.blogspot.com/2013/01/back-in-saddle.html 2013-01-22 09:52:00 PST

Saturday links: sinking costs
The weekend is a great time to catch up on some longer items that we passed up on during the week. Thanks for checking in. Investing A Q&A with Wes Gray author of Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors.  (SumZero) Five ways to be a better investor from Michael Mauboussin author of The Success Equation: Untangling Skill and Luck in Business, Sports and Investing.  (Marketwatch) Position sizing using the Kelly Growth Criterion.  (Market Folly) Is broker-dealer
http://feedproxy.google.com/~r/abnormalreturns/~3/-JdR7sYod78/ 2013-01-19 08:54:12 PST

Friday links: ruing share repurchases
Quote of the day Floyd Norris, “It [Dell] has spent more money on share repurchases than it earned throughout its life as a public company. Most of those repurchases were at prices well above current levels.”  (NYTimes also Dealbook) Chart of the day Putting the move in the Japanese Yen into long term perspective.  (Bonddad Blog also Global Macro Monitor) Markets Why aren’t traders buying more call options?  (Barron’s) Bad things happen in markets, just not the way everyone thinks they do.  (The Reformed Broker) A b
http://feedproxy.google.com/~r/abnormalreturns/~3/Gau5j2G2bco/ 2013-01-18 11:26:11 PST

Tuesday links: giving up on finance
Quote of the day Bryan Goldberg, “I think that our generation has given up on Finance as the career of choice.”  (Pando Daily) Chart of the day Another look at the looming bottom in coffee.  (Dragonfly Capital) Markets Where did all the commodity volatility go?  (FT Alphaville) The underlying conditions point towards more grain volatility in 2013.  (Bonddad Blog) Just how out of control is the high yield bond market?  (Distressed Debt Investing, FT) Strategy The S&P 500 is not your benchmark.  (The Reformed Broker) Invest
http://feedproxy.google.com/~r/abnormalreturns/~3/-62IzytBnBM/ 2013-01-15 11:48:33 PST

Sunday links: a low-rate world
Quote of the day Jason Zweig, “In short, a little bit of extra return isn’t nearly as valuable in a low-rate world as people intuitively believe it to be.”  (WSJ) Chart of the day ^SPX data by YCharts The S&P 500 is higher than any point since the end of 2007.  (Crossing Wall Street) Markets Signs that the market is overbought.  (Bespoke, Investing With Options, Howard Lindzon) Small caps continue to lead the market higher.  (StockCharts Blog) How much farther does the risk-on trade have to go?  (Dynamic  Hedge) The
http://feedproxy.google.com/~r/abnormalreturns/~3/jZCPc0UqnxU/ 2013-01-06 07:02:08 PST

Saturday links: imperial overstretch
The weekend is a great time to catch up on some longer items that we passed up on during the week. Thanks for checking in. Investing Ten manager search and selection tips.  (Enterprising Investor) America’s banks are big, black boxes.  (The Atlantic) Economics How “free stuff” changes the market economy.  (FT Alphaville) Economics may have reached “the stage of imperial overstretch.”  (Justin Fox) Economists have been too disconnected from the lessons of history.  (Economist’s View) Technology The techno
http://feedproxy.google.com/~r/abnormalreturns/~3/Qck1FyBSPtc/ 2013-01-05 06:55:41 PST

Thursday links: savers vs. investors
It’s a New Year. How about a resolution you can easily accomplish. Sign up for our daily e-mail, thousands of other Abnormal Returns readers already have. Quote of the day TZL, “You are not an investor. You might think that you are, but you are not. And that is a good thing.”  (The Zikomo Letter) Chart of the day SPY data by YCharts Small and mid-cap stocks are at new all-time highs.  (All Star Charts) Markets Long-term indicators point towards an overvalued market.  (Above the Market) The case for further upside.  (Dynam
http://feedproxy.google.com/~r/abnormalreturns/~3/YcVtrDSkXbA/ 2013-01-03 11:52:43 PST

Saturday links: learning hard lessons
Investing Seven lessons from the financial crisis for high net-worth clients.  (Enterprising Investor) Five reasons the Facebook ($FB) IPO was a blessing in disguise.  (Pando Daily) Why everyone, including federal investigators, is fascinated with SAC Capital’s Steve Cohen.  (NYTimes) Technology How Google ($GOOG) got its iOS apps right.  (TNW) Social networks are changing the way we relate with others and our past selves.  (Phil Pearlman) Society Why don’t we do great stuff any more?  (The Reformed Broker) On the dangers of y
http://feedproxy.google.com/~r/abnormalreturns/~3/KP-MKPqacM0/ 2012-12-29 06:00:23 PST