Linkfest: Tapering worries investors; Examining what the SEC hath wrought with HFT, reg NMS; Keynes as an investor
Categories: Linkfest
Today’s most shared:
- As the punch bowl gets taken away, the revelers start to worry about the hangover.
- How the SEC created the world of HFT and flash crashes.
- Icahn declares victory in Apple foray. Did he achieve anything, or should he have just bought Google instead?
- Keynes’s investing acumen.
- The new machine age, again.
- Scary charts.
- Bitcoin exchanges under attack halt withdrawals: growing pains or signs of a fundamental flaw?
A World Unprepared, Again, for Rising Interest Rates
New York Times
The pullout of capital from emerging markets eerily resembles the financial wave that emerged from Asia and swept across the globe in the late 1990s.
shared by @FGoria, @ReformedBroker, Crossing Wall Street, @howardlindzon
New York Times
The pullout of capital from emerging markets eerily resembles the financial wave that emerged from Asia and swept across the globe in the late 1990s.
shared by @FGoria, @ReformedBroker, Crossing Wall Street, @howardlindzon
S.E.C.’s Review of Stock Trading Will See Some of Its Own Work
New York Times
The S.E.C. may have helped create the problem it is now hoping to solve — where institutional investors say they are outgunned by high-frequency traders and individual investors are adrift, Steven M. Davidoff writes.
shared by @felixsalmon, @Alea_, @JoeSaluzzi, @ThemisSal, Reformed Broker
New York Times
The S.E.C. may have helped create the problem it is now hoping to solve — where institutional investors say they are outgunned by high-frequency traders and individual investors are adrift, Steven M. Davidoff writes.
shared by @felixsalmon, @Alea_, @JoeSaluzzi, @ThemisSal, Reformed Broker
Everybody Wins When Icahn Gives Up on Apple
Bloomberg
I might tell the story as, Apple was doing a big share buyback, and so Icahn came in and said "hey you should do a big share buyback!," and Apple kept doing what it was doing and ignoring Icahn but he got to claim victory anyway.
shared by @JacobWolinsky, Reformed Broker, @TimOBrien, @HamzeiAnalytics
Bloomberg
I might tell the story as, Apple was doing a big share buyback, and so Icahn came in and said "hey you should do a big share buyback!," and Apple kept doing what it was doing and ignoring Icahn but he got to claim victory anyway.
shared by @JacobWolinsky, Reformed Broker, @TimOBrien, @HamzeiAnalytics
John Maynard Keynes’s Own Portfolio Not Too Dismal
New York Times
The British economist was also a portfolio manager whose strategy anticipated those of investors like Warren E. Buffett, and he created fortunes several times over.
shared by @ritholtz, @LaurenYoung, @JacobWolinsky, Reformed Broker
New York Times
The British economist was also a portfolio manager whose strategy anticipated those of investors like Warren E. Buffett, and he created fortunes several times over.
shared by @ritholtz, @LaurenYoung, @JacobWolinsky, Reformed Broker
Enslave the robots and free the poor
Financial Times
In 1955, Walter Reuther, head of the US car workers’ union, told of a visit to a new automatically operated Ford plant. Pointing to all the robots, his host asked: “How are you going to collect union dues from those guys?” Mr Reuther replied: “And how are you going to get them to buy Fords?”
shared by @ObsoleteDogma, @MarkThoma, @Nouriel, @M_C_Klein
Financial Times
In 1955, Walter Reuther, head of the US car workers’ union, told of a visit to a new automatically operated Ford plant. Pointing to all the robots, his host asked: “How are you going to collect union dues from those guys?” Mr Reuther replied: “And how are you going to get them to buy Fords?”
shared by @ObsoleteDogma, @MarkThoma, @Nouriel, @M_C_Klein
Q&A: Ross McEwan, RBS chief executive, answers your questions
theguardian.com
The new boss of the troubled bank is now live in the comment thread
shared by @graemewearden, @faisalislam, @peter_tl, @NicTrades, @Ian_Fraser
theguardian.com
The new boss of the troubled bank is now live in the comment thread
shared by @graemewearden, @faisalislam, @peter_tl, @NicTrades, @Ian_Fraser
Scary 1929 market chart gains traction Mark Hulbert
MarketWatch
A scary chart has been circulating for several months on Wall Street, drawing a parallel between the current stock market and 1928-1929. Though the chart has many skeptics, there is plenty of reason for caution, writes Mark Hulbert.
shared by @TheStalwart, @MichaelKitces, @mark_dow, Business Insider
MarketWatch
A scary chart has been circulating for several months on Wall Street, drawing a parallel between the current stock market and 1928-1929. Though the chart has many skeptics, there is plenty of reason for caution, writes Mark Hulbert.
shared by @TheStalwart, @MichaelKitces, @mark_dow, Business Insider
That Viral Chart Predicting Another 1929 Stock Market Crash? It’s Absurd
The Atlantic
Beware of fund managers bearing double y-axes.
shared by @cullenroche, @Noahpinion, @prchovanec, @TheArmoTrader
The Atlantic
Beware of fund managers bearing double y-axes.
shared by @cullenroche, @Noahpinion, @prchovanec, @TheArmoTrader
Hackers launch attacks on bitcoin exchanges
Wall Street Journal
The two largest bitcoin-trading exchanges came under attack from hackers Tuesday, leaving customers unable to withdraw their money.
shared by @JacobWolinsky, @StockJockey, @IvanTheK, @SconsetCapital, @davidgaffen
Wall Street Journal
The two largest bitcoin-trading exchanges came under attack from hackers Tuesday, leaving customers unable to withdraw their money.
shared by @JacobWolinsky, @StockJockey, @IvanTheK, @SconsetCapital, @davidgaffen
Twitter Testing Major Redesign That Looks a Lot Like Facebook
mashable.com
Twitter is testing a major redesign that’s very reminiscent of Facebook and Google+.
shared by @StKonrath, @AntDeRosa, @howardlindzon, @Alea_, @moorehn
mashable.com
Twitter is testing a major redesign that’s very reminiscent of Facebook and Google+.
shared by @StKonrath, @AntDeRosa, @howardlindzon, @Alea_, @moorehn
How to succeed
Stumbling and Mumbling
"Tiger mom" Amy Chua reckons success – defined in the sense of the goods of effectiveness such as power, wealth and fame rather than virtues or excellence – depends upon three things: a superiority complex, insecurity and impulse control. Even better: Be a nasty, overconfident, narcissistic psychopath!
shared by @counterparties, @M_C_Klein, FT Alphaville, @gusbaratta, @Alea_
Stumbling and Mumbling
"Tiger mom" Amy Chua reckons success – defined in the sense of the goods of effectiveness such as power, wealth and fame rather than virtues or excellence – depends upon three things: a superiority complex, insecurity and impulse control. Even better: Be a nasty, overconfident, narcissistic psychopath!
shared by @counterparties, @M_C_Klein, FT Alphaville, @gusbaratta, @Alea_
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