Linkfest: Investors turn off TV market news; Yuan role grows; Investing pet peeves; Buffett’s alpha
Categories: Linkfest
Today’s most shared: Investors change the channel from CNBC and cable financial news… Yuan trade finance rises… US banking business more concentrated as TBTF banks grow, small banks fail… Global housing bubbles… A hedge fund manager calls out the worst investing memes… The world’s biggest hedge fund investor… Why hedge funds are for suckers… Bears capitulating… Do data show QE causing deflation? … Sources of Buffett’s alpha.
The business of cable-TV business news isn’t what it used to be
Wall Street Journal
Viewership is weak at business-focused cable TV channels CNBC, Fox and Bloomberg, in part a reflection of the way individual investors have ceded stock trading to large institutional investors.
shared by @felixsalmon, @TheStalwart, @ReformedBroker, @hblodget, @AnjuliDavies
Wall Street Journal
Viewership is weak at business-focused cable TV channels CNBC, Fox and Bloomberg, in part a reflection of the way individual investors have ceded stock trading to large institutional investors.
shared by @felixsalmon, @TheStalwart, @ReformedBroker, @hblodget, @AnjuliDavies
Yuan Passes Euro as Second-Most Used Trade-Finance Currency
Bloomberg
China’s yuan overtook the euro to become the second-most used currency in global trade finance in 2013, according to SWIFT data.
shared by Economy Watch, reddit/Economics, Crossing Wall Street
Bloomberg
China’s yuan overtook the euro to become the second-most used currency in global trade finance in 2013, according to SWIFT data.
shared by Economy Watch, reddit/Economics, Crossing Wall Street
The tally of U.S. banks has sunk to a level not seen since at least 1934
Wall Street Journal
The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.
shared by @jennablan, @pkedrosky, reddit/Economics, @JoeSaluzzi, @pdacosta, @ThemisSal
Wall Street Journal
The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression, as a sluggish economy, stubbornly low interest rates and heightened regulation take their toll on the sector.
shared by @jennablan, @pkedrosky, reddit/Economics, @JoeSaluzzi, @pdacosta, @ThemisSal
These 17 countries may have housing bubbles. If they pop, God help us all.
Washington Post
Do regulators have the tools they need to stop a destructive new housing bust across much of the globe? We’ll see!
shared by reddit/Economics, @RoubiniGlobal, @FGoria, @JacobWolinsky
Washington Post
Do regulators have the tools they need to stop a destructive new housing bust across much of the globe? We’ll see!
shared by reddit/Economics, @RoubiniGlobal, @FGoria, @JacobWolinsky
My Top 10 Peeves – Clifford S. Asness
Financial Analysts Journal
Commonly held and oft-repeated beliefs about investing and finance that are wrong or misleading, and hurt investors.
shared by @jasonzweigwsj, @cullenroche, Reformed Broker, @vitaliyk
Financial Analysts Journal
Commonly held and oft-repeated beliefs about investing and finance that are wrong or misleading, and hurt investors.
shared by @jasonzweigwsj, @cullenroche, Reformed Broker, @vitaliyk
A Second Act for a Top Wall Street Strategist
New York Times
J. Tomilson Hill, the former co-chief executive of Lehman Brothers, reinvented himself by applying his deal-making skills at the Blackstone Group.
shared by @firstadopter, @EpicureanDeal, @spignal, @MattGoldstein26
New York Times
J. Tomilson Hill, the former co-chief executive of Lehman Brothers, reinvented himself by applying his deal-making skills at the Blackstone Group.
shared by @firstadopter, @EpicureanDeal, @spignal, @MattGoldstein26
Hedge Funds Continue to Be for Suckers
Bloomberg Businessweek
Costly fees and a portfolio comprising mostly stocks that Grandma might buy leaves a humbled hedge fund industry at the mercy of the Federal Reserve.
shared by NYT Dealbook, @volatilitysmile
Bloomberg Businessweek
Costly fees and a portfolio comprising mostly stocks that Grandma might buy leaves a humbled hedge fund industry at the mercy of the Federal Reserve.
shared by NYT Dealbook, @volatilitysmile
Madoff’s Fake Trading Was Obvious, Ex-Finance Chief Says
Bloomberg
Bernard Madoff’s finance chief, who pleaded guilty to aiding his $17 billion fraud, said he could tell right away that fake trades were being used in customer accounts in 1975 when he joined the firm after high school.
shared by Here Is The City, @AlephBlog, @ReformedBroker, @JohnLothian
Bloomberg
Bernard Madoff’s finance chief, who pleaded guilty to aiding his $17 billion fraud, said he could tell right away that fake trades were being used in customer accounts in 1975 when he joined the firm after high school.
shared by Here Is The City, @AlephBlog, @ReformedBroker, @JohnLothian
Taking the Model to the Data
Macro and Other Market Musings
shared by @ObsoleteDogma, @MarkThoma, @EconBrothers, @Noahpinion, FT Alphaville
Macro and Other Market Musings
shared by @ObsoleteDogma, @MarkThoma, @EconBrothers, @Noahpinion, FT Alphaville
The Disappearing Equity Bears
Wall Street Journal
One by one, the bears have fallen.
shared by Abnormal Returns, @pkedrosky, FT Alphaville
Wall Street Journal
One by one, the bears have fallen.
shared by Abnormal Returns, @pkedrosky, FT Alphaville
Bill Bernstein: Take Risk Off The Table
IndexUniverse
It takes guts to trim equity exposure when the going is so good, but that’s exactly what investors should be doing now, Bill Bernstein says.
shared by @JacobWolinsky, @SconsetCapital
IndexUniverse
It takes guts to trim equity exposure when the going is so good, but that’s exactly what investors should be doing now, Bill Bernstein says.
shared by @JacobWolinsky, @SconsetCapital
Buffett’s Alpha – Frazzini, Kabiller and Pedersen.pdf
yale.edu
shared by @abnormalreturns, @EpicureanDeal
yale.edu
shared by @abnormalreturns, @EpicureanDeal
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