The Big Picture

---

• John Oliver on Infrastructure
• How Millennials Will Change the Economy
• Masters in Business: Joe Saluzzi of Themis Trading
• Be Like Warren Buffett? No . . . Be Like You
• 10 Monday AM Reads

John Oliver on Infrastructure Posted: 02 Mar 2015 04:30 PM PST America's crumbling infrastructure: It's not a sexy problem, but it is a scary one. Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight Connect with Last Week Tonight online… Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight

How Millennials Will Change the Economy Posted: 02 Mar 2015 01:00 PM PST Click for an interactive graphic. Source: Goldman Sachs

Masters in Business: Joe Saluzzi of Themis Trading Posted: 02 Mar 2015 10:00 AM PST This week, the "Masters in Business" radio podcast features Joe Saluzzi of Themis Trading. He and co-founder Sal Arnuk are co-authors of the book “Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio.” In the podcast, Saluzzi discusses how regulatory changes and a shift in exchange ownership from nonprofit to for-profit status led to a major shift in market structures. These changes have led to all manner of problems, not the least of which was the May 6, 2010, Flash Crash. Since then, we have seen mini crashes in individual stocks and, more recently, Treasuries and currencies. Listen to the podcast on Bloomberg, Apple iTunes or SoundCloud. All of our prior podcasts are available on iTunes. Next week, I speak with Michelle Meyer of Bank America Merrill Lynch.

Be Like Warren Buffett? No . . . Be Like You Posted: 02 Mar 2015 07:00 AM PST Much of the financial world is all abuzz over the 50th annual letter to shareholders of Berkshire Hathaway, released this past weekend.Financial journalists, amateur Buffett sleuths, Graham & Dodd aficionados and just about everyone I know spent some quality time this weekend with this letter. They are all trying to identify that one pearl of wisdom that will give them that special insight to allow them to "invest like Warren." Let me save you some time: No, you are not Warren Buffett. And, with apologies to Taylor Swift, you are never, ever, ever getting to a place where you invest like him. Why is that? Because Buffett has many things going for him that you do not, and likely will never, ever possess. I refer not to that pile of $73 billion dollars. Rather, I refer to the secret of his skill set and abilities, which is actually not much of a secret at all. Warren Buffett's not-so-secret-sauce is the combination of just three things, none of which I suspect you possess or deem of much importance: Continues here

10 Monday AM Reads Posted: 02 Mar 2015 04:30 AM PST Welcome back to the workweek. Here are our snowy Monday morning train reads: • A Dozen Things Taught by Warren Buffett in his 50th Anniversary Letter that will Benefit Ordinary Investors (25IQ) see also Uncle Warren Explains It All to You (Epicurean Dealmaker) • Institutions Pour Cash Into Bond ETFs (WSJ) • 8 things millennials want—and don't want—show how different they are from their parents (WonkBlog) see also Retirement Planning for Millennials (A Wealth of Common Sense) • Data Security Is Becoming the Sparkle in Bitcoin (NYT) • Why Does the U.S. Chamber of Commerce Oppose the Interests of American Business? (Scholarly Financial Planner) Continues here

You are subscribed to email updates from The Big Picture To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States

.