Linkfest: $31b in fines don’t faze JPMorgan; Hot CEOs get hot share prices; Sleeper ideas; Psychos in finance
Today’s most shared: $31b in fines just chump change to JPMorgan… Berkshire Hathaway as a consumer brand… Puerto Rico exodus… Hot CEOs get hot share prices… Sleeper ideas for 2014… In the future, everyone will have their own cryptocurrency… Casino tycoon Adelson says gambling is bad, so there should be no Internet betting… Taleb’s macro bets… Gambling money you don’t have to get back to breakeven… Psychopaths in finance… Supercharged tech darlings in small indexes like Canada or New Zealand pose problems for fund managers.
Huffington Post
The total tab for JPMorgan Chase’s constant legal trouble is now up to more than $31 billion — a figure so exorbitant and cruel that the bank’s stock price just hit a record high.
shared by @LaurenLaCapra, @retheauditors, @AntDeRosa, @davidgaffen
Bloomberg
Berkshire Hathaway Inc.’s foray into the home-brokerage arena 14 years ago was almost an afterthought. Today, Warren Buffett’s company is staking its name on the business.
shared by @JacobWolinsky, @BarbarianCap, Crossing Wall Street, Reformed Broker
Wall Street Journal
Puerto Rico is experiencing a historic exodus of residents fleeing the island’s battered economy and rampant crime. From 2000 to 2010, a net 288,000 people left for the U.S. mainland, the most since the 1950s.
shared by @AmyResnick, @saraeisenFX, @pdacosta, @munilass
New York Times
shared by @LaurenLaCapra, @ReformedBroker, Reformed Broker, Naked Capitalism, @moorehn
Forbes
I asked 55 of the smartest people I know to give me their top 3 "sleeper ideas" for 2014 – the ones that would really surprise us when we look back on the year next December.
shared by @firstadopter, @bespokeinvest, @retheauditors, @ericjackson
Business Insider
Start using them now.
shared by @mark_dow, @MichaelKitces, @ChrisAdamsMKTS, @finansakrobat
Forbes
George Soros, John Paulson and Leon Cooperman have secretly moved into battle mode against Sheldon Adelson. The stakes: the future of gambling in America.
shared by @JacobWolinsky, @ReformedBroker, NYT Dealbook, Reformed Broker
Noahpinion
shared by @ritholtz, @ReformedBroker, @ModeledBehavior, @MarkThoma, @abnormalreturns
VOX
shared by @brianmlucey, @MarkThoma, @jsphctrl, Naked Capitalism, @LorcanRK
Financial Times
If you are reading this column, there is a relatively high chance you are a psychopath. If you also work in the financial services industry, the odds are even higher.
shared by @M_C_Klein, @MatinaStevis, @JoshRosner, @EddyElfenbein, Abnormal Returns, @raju
Bronte Capital
shared by @JacobWolinsky, Crossing Wall Street, @niubi, @DavidSchawel, @Kelly_Evans
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