The Big Picture

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• 10 Tuesday PM Reads
• Google’s Roadmap to World Domination
• 10 Tuesday AM Reads
• Beware Consensus: When to Ignore the Investment Experts
• Jaguar F-type Coupe R

10 Tuesday PM Reads Posted: 11 Feb 2014 02:30 PM PST My afternoon train reading: • The Glitch That Will Kill Bitcoin (Bloomberg) see also  Exchange glitch unsettles bitcoin world (WSJ) • What Was John Bogle Thinking? (Rick Ferri) • Does cutting government make it more efficient? (Noahpinion) • Man vs. Machine? No, says Ray Kurzweil. Technology will make us smarter, healthier, more productive. (WSJ) • Death by Finance by Dani Rodrik (Project Syndicate) • Apple’s Tim Cook Discusses Emerging Markets and Plans for Cash (Digits) • Andrew Ross Sorkin Is Not Sorry For Ripping Off Apology Website (Gawker) • What the Heck is Happening to Windows? (Paul Thurrott’s SuperSite for Windows) see also Microsoft’s Mobile Muddle (stratēchery) • If Ocean Heat Pump Switches On, Expect to Feel It (Bloomberg) • Be grateful the Beatles broke up (Achenblog) see also Unlike Stones, Beatles Knew When to Quit (Bloomberg) What are you reading?   S&P 500 Sector % Above 50-DMAs Source: Bespoke Investment Group

Google’s Roadmap to World Domination Posted: 11 Feb 2014 11:30 AM PST Source: Business Management Degrees

10 Tuesday AM Reads Posted: 11 Feb 2014 07:30 AM PST Good morning. Some reads to help you get through the day: • If you marketed equities like this, you would go to jail: "Gold: Security. Safety. Stability." (TRB) • Which Internet Stock Is the Most Overvalued? (New Yorker) see also Top Anecdotal Signs of a Market Bubble (CFA Institute) • "High-Speed Trading Isn't About Efficiency — It's About Cheating" (Climateer Investing) • Apple iTunes as a standalone Co. would be #130 on Fortune 500 (Asymco)   Continues here

Beware Consensus: When to Ignore the Investment Experts Posted: 11 Feb 2014 05:15 AM PST One of the more interesting aspects about the market in 2014 is how much it has managed to defy expectations. Consensus has been consistently wrong; indeed, it seems that any time there is an agreement of sorts on just about any issue, the opposite has happened. Merrill Lynch's legendary strategist Bob Farrell put together 10 Rules for Investing, and his rule #9 states that "When all the experts and forecasts agree — something else is going to happen." That certainly seems to be the case so far in 2014. Consider the following cherry picked anecdotes as, well, not evidence, but support of Farrell's dictum:  Continues Here

Jaguar F-type Coupe R Posted: 11 Feb 2014 03:00 AM PST It has been nearly half a century since Jaguar built a sports car. The new F-type shows the iconic British car company is serious about rebuilding its reputation for sports cars. Bloomberg’s Matt Miller spoke to Jaguar Vice President Jeff Curry about how the car is already boosting demand for the brand. Meet Jaguar’s First New Sports Car in 40 Years Source: Bloomberg Feb. 11 2014

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