Linkfest: Risks of rising rates; Pitfalls of alternative investments; Economics in 1 minute

Categories: Linkfest

Today’s most shared:

  • Risk of rising rates to hit euro periphery, Wall Street trading desks.
  • Hedge funds and VC don’t shine on a risk-adjusted basis.
  • Everything you need to know about economics.
  • Investing is a craft, like making sushi.
  • The pitfalls of sell side research.
  • Evaluating investment strategies.

Eurozone peripheral nations see interest bill climb
Financial Times
The eurozone periphery countries will have to pay more than €130bn this year just to meet the interest payments of their mounting debts, a servicing burden almost three times as high as the rest of the single currency area.
shared by @ObsoleteDogma, @ezraklein, @FGoria, @mhewson_CMC
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
shared by @LaurenLaCapra, @MattGoldstein26, @Convertbond, @ReformedBroker
Why Investors Love Hedge Funds
Why do investors keep putting money into hedge funds when so many of them underperform?
shared by @mark_dow, @ReformedBroker, @Noahpinion, Abnormal Returns
The most expensive lottery ticket in the world
The real winners are the happy and well-paid engineers, enjoying their lives and their youth while working for great companies like Google. In the world of startups, the only winning move is not to play.
shared by @kevinroose, @FGoria, @pkedrosky, @INETeconomics
This graduation speech teaches you everything you need to know about economics in 297 words
This graduation speech teaches you everything you need to know about economics. And it does so very, very quickly.
shared by @GTCost, @tomkeene, @Noahpinion, reddit/Economics, @ezraklein
Not a summary of economics
10 out of Sargent’s 12 “lessons” are cautions against trying to use government to promote equality or help people. I think that when this kind of list is put forth as a “summary of economics”, it does a disservice to the profession.
shared by @delong, @ObsoleteDogma, @rodrikdani, reddit/Economics, @MarkThoma
Should We Regulate Drug Prices?
New Yorker
Sovaldi, the new Hepatitis-C drug developed by the biotech giant Gilead, can cure ninety per cent of patients in three to six months. There’s just one catch: a single dose costs a thousand dollars.
shared by @HamzeiAnalytics, @mccarthyryanj, Naked Capitalism
Parallels Between Great Investors and a Renowned Sushi Chef: Jiro Dreams of Sushi
Market Folly
At first glance, it may seem odd to compare a sushi chef to an investor. But as you’ll see by the end of this post, they both share a common goal: to become masters of their craft.
shared by @abnormalreturns, Abnormal Returns, @StockTwits, @howardlindzon
My Time on the Sell Side
“Wall street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.” – Warren Buffett
shared by @MichaelKitces, @JacobWolinsky, @howardlindzon, @ReformedBroker
Forget Passive vs. Active–Here’s How To Evaluate Any Investment Strategy
Burton Malkiel has a new piece up on Wealthfront’s website calling smart beta strategies into question. It’s a very interesting and hot debate at
the moment, and Malkiel’s perspective is worth a read—many of his points are important to consider.
shared by @abnormalreturns, @cullenroche, @MebFaber, @derekhernquist, Abnormal Returns
SEC Weighs Making Brokers Disclose Where Trades Are Sent
The U.S. Securities and Exchange Commission is weighing a requirement that brokers tell investors exactly where their stock trades go to be executed, a proposal that may address complaints that the decisions are sometimes made against the client’s best interests.
shared by @EddyElfenbein, @AmyResnick, @ThemisSal
The Second Opening of Japan by Shinzo Abe
US President Barack Obama is visiting Tokyo at a unique moment in Japan’s history, with its economy moving onto a new growth path that will take advantage of its geographic position.
shared by @ProSyn, @lindayueh, @naufalsanaullah, Reformed Broker
Taking on Adam Smith (and Karl Marx)
New York Times
With his book “Capital in the Twenty-First Century,” Thomas Piketty has written a blockbuster in the world of economics.
shared by Marginal Revolution, @spignal, reddit/Economics, @vali_nasr
Barclays to wind down commodities trading
Financial Times
Barclays, one of the world’s biggest commodities traders, is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week.
shared by @GTCost, NYT Dealbook, @FGoria, Here Is The City, @JohnLothian
Wall Street deregulation pushed by Clinton advisers, documents reveal
Previously restricted papers reveal attempts to rush president to support Act, later blamed for deepening banking crisis
shared by @mark_dow, @anatadmati, @Convertbond, @edwardnh, @ryanchittum
From Rags to Riches to Rags
New York Times
Is it the case that the top 1 percent of the income distribution are the same people year in and year out? Or, for that matter, what about the top 5, 10 and 20 percent? To what extent do everyday Americans experience these levels of affluence, at least some of the time?
shared by Marginal Revolution, @prchovanec, reddit/Economics, @delong
When Diamonds Are Dirt Cheap, Will They Still Dazzle?
New York Times
Technology has the potential to affect the value of items that are now rare and expensive, everything from diamonds to paintings and autographs.
shared by @MarkThoma, reddit/Economics, @newsycombinator, @firoozye
A UK housing bubble or something else?
Sober Look
Home prices in the UK continue to rise to new highs, exceeding the pre-recession peak. The price increases started in London and have now spread nationally. Many families are quickly being priced out of the housing market. Some are calling it a bubble.
shared by Abnormal Returns, @prieur, @EconBrothers, @FGoria, @tylercowen follows the best ‘curators’ on the web and social media, and finds all the top financial news right now, as voted by you.

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