The Big Picture

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• Christie vs. Tesla?
• Behaviorally Informed Financial Services Regulation
• History of Life
• 10 Wednesday PM Reads
• Should Congress Limit the Mortgage Interest Deduction?
• Money is No Object
• 10 Wednesday AM Reads
• Once Again, The Narrative Fails

Christie vs. Tesla? Posted: 20 Mar 2014 03:00 AM PDT How New Jersey Governor Chris Christie clamped down on one of America's most innovative companies.

Behaviorally Informed Financial Services Regulation Posted: 20 Mar 2014 02:00 AM PDT

History of Life Posted: 19 Mar 2014 04:30 PM PDT Source: Visually

10 Wednesday PM Reads Posted: 19 Mar 2014 01:30 PM PDT My afternoon train reading • Junk Bonds at $2 Trillion as Gundlach Pulls Back: Credit Markets (Bloomberg) • ‘This Musk guy, he wants all the profits for himself’ (The Verge) • Why New York AG wants curbs on high-frequency traders (MarketWatch) • The great corporate cash-hoarding crisis (Al Jazeera America) • Is Yahoo's Business Worth Less Than Nothing? (Bloomberg View) • A History of Bitcoin Hacks (The Guardian) • 10 Unusual Things I Didn't Know About Google (also: the worst venture capital decision in history) (Altucher Confidential) see also Apax Poised to Score 10,000% Gain on 'Candy Crush' IPO (Bloomberg) • NSFW Chris Christie’s Filthy Laundry (Rude Pundit) • Exclusive cover of Michael Lewis’ new book Flash Boys (GQ) • The Satisfied Unsubsidized: Obamacare's Hidden Winners (The Atlantic) What are you reading?     The War on Drugs Fills Half of Federal Prison Cells Source: KnowMore

Should Congress Limit the Mortgage Interest Deduction? Posted: 19 Mar 2014 11:30 AM PDT Source: WSJ

Money is No Object Posted: 19 Mar 2014 09:00 AM PDT I dont agree with everything from this school of thought, but this is an interesting and informative primer.     Money is No Object from Mitch Green

10 Wednesday AM Reads Posted: 19 Mar 2014 06:45 AM PDT Some reads for your Wednesday morning: • Individual Investors Lose Money When Using Technical Analysis (Value Walk) see also And the Chart Says: Oh Dear God No (FT Alphaville) • Goldman Sachs: What Happens If Elon Musk Is the Next Steve Jobs? (MoneyBeat) • The Pending Failure of a Major Chinese Property Developer Looks a Lot Like Pets.com (Quartz) • The New Age of Crony Capitalism (Economist) Continues here

Once Again, The Narrative Fails Posted: 19 Mar 2014 06:00 AM PDT Late last year, we had a wholesaler from a major ETF firm in our office. At the time, the chatter was all about the upcoming Alibaba IPO. It was going to be (in his words) "huge, disruptive, incredibly powerful – and you cannot get any." Never mind that IPO returns are on average mediocre or worse, or that chasing hot syndicate deals is not in our wheelhouse. This guy had a great story to tell, and to the uninitiated, it was enrapturing. "This is going to be the hottest Tech IPO of the year, bigger than Twitter, bigger than Facebook. Only firms on mainland China are going to have access to it. (Not you). The way to play it is to own all of similar companies in China that are in the Technology and Internet space." The story, as it turns out, was completely and utterly wrong. No, thius is not listing in China. Alibaba Group Holding Ltd. is listing on the NYSE, and anyone who wants to can buy its stock. Whether you should is an entirely different matter, but not the subject of this column. Continues here

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