| Deindustrialization Redeploys Workers to Growing Service Sector Posted: 03 Oct 2014 02:00 AM PDT |
| On False Belief Systems . . . Posted: 02 Oct 2014 05:00 PM PDT I stumbled on this gem earlier today: “Earlier this year, the Dow had dropped over 5,000 points in 6 months. One of the collective fallacies our culture operates under is the delusion that the market is some kind of astute forecasting machine. It is not — it represents the collective wisdom of 10 million panicked monkeys. That millions of slightly clever, pants wearing primates can combine their collective ignorance, their intellectual foibles, biases and false beliefs somehow into something resembling intelligence was one of the false beliefs of the era. Unfortunately, this is a condition the monkeys are prone towards (Witch burning, bloodletting, organized religion, etc.).” -How Overrated is Sentiment in Economics?, November 22nd, 2009
The entire discussion is worthwhile . . .  |
| 10 Thursday PM Reads Posted: 02 Oct 2014 01:30 PM PDT My afternoon train reads: • Gary Shilling: Warning Flags in the Stock Market (Bloomberg View)
• Finding Alibaba: How Jerry Yang Made The Most Lucrative Bet In Silicon Valley History (Forbes)
• The middle class is poorer today than it was in 1989 (Wonkblog) see also Inflation-adjusted median household incomes are 9% lower than they were in 1999. (WSJ)
• No stopping ETFs: Total assets under management for U.S.-listed ETFs alone are approaching $2 trillion. (Fidelity)
• A Startling Look at How Profits Elude the Taxman (The Upshot)
• ‘Like Lingerie for Men’: How Statement Socks Became So Trendy (The Atlantic)
• Promise of New Subways Has West Siders Excited and East Siders Skeptical (NYT) see also Manhattan Homebuyers Pay Up as Sales Top Listing Price (Bloomberg)
• 11 Charts That Should Make People Embarrassed About The US Healthcare System (Business Insider)
• St. Louis gave teens free birth control, and they now have very low abortion rates (Vox) but see National Review’s Kevin D. Williamson Says Women Who Have Abortions & Their Doctors Should Be Hanged (Little Green Footballs)
• Which car to drive if you want to get the most tickets (WonkBlog)
What are you reading? Nasdaq Composite Since 2000
Source: Chart of the Day  |
| Biggest Tech IPOs Posted: 02 Oct 2014 11:30 AM PDT |
| Evolution Of The Desk (1980-2014) Posted: 02 Oct 2014 09:15 AM PDT
Source: Best Reviews
From Make Use Of: Whether you like it or not, the fact is, we depend on technology more than you know. How has your desk evolved over the last 35 years? Do you still have that Rolodex in front of you? Probably not. What about that clunky dictionary, or the answering machine? Technology (and the cloud) has replaced most of our desktop items. In this video produced by Harvard Innovation Lab, genuine vintage items were sought after and purchased in order to recreate the look and feel of an 80′s work desk.
 |
| 10 Thursday AM Reads Posted: 02 Oct 2014 06:30 AM PDT My morning train reads: • Job Woes Linger in 29 States as U.S. Recovers Unevenly (Bloomberg) see also Jobs, Outliers, and Elections (Statistical Ideas)
• A NYC Wealth Management Firm Created A Super Cheap Way For Young People To Get Professional Investment Help (Business Insider)
• Six things investors need to know about October (USA Today) see also And the rest of the year (TRB)
Continues here  |
| Reminder: We’re coming to D.C. October 15-16th Posted: 02 Oct 2014 04:30 AM PDT A quick reminder that later this month, myself and some staffers will be visiting clients and prospective clients in the Washington, D.C. area. Some of you are familiar with our investing philosophy, but this is an opportunity to have a more in depth, personal conversation. If you are interested in meeting with us, hearing our views, or simply having a discussing about your own personal financial planning, give us an email or call.
Send email to Info -at- RitholtzWealth -dot- com, with the subject “DC Trip.” Or call 212-455-9122 and ask for Erika. 
 |
| MoneyBeat’s Quarterly Quota Posted: 02 Oct 2014 03:00 AM PDT Click for larger graphic
Source: WSJ  |
0 comments:
Post a Comment