Your morning financial links, expertly curated.
October 2013
This is where your money is going
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Silly Little Bitches
It only took five years, $2.5 trillion in stimulus and 140% in S&P gains for you to go right back to acting like a silly little bitch again with your money. You are opening up “play money” accounts to trade the markets and buy obscenely-valued stocks that you know goddamn well are going to crash…
Perversity in the Housing Market
A young client of mine told me he and his wife had been outbid on a handful of houses this past spring, despite the fact that they had literally begun showing up to see homes for sale with a checkbook and engineer in tow. They couldn’t figure out who it was buying up all the…
Hot Links: Stoopid-Paid
Your morning financial links, expertly curated.
Clips from Today’s Fast Money
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Anchorman 2 Trailer Hits!
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Matt Yglesias is not impressed with your perennial crash call
I predict a crash. Okay, now I’m covered. Matt Yglesias takes on the myth-making surrounding those who predict market crashes on a regular basis and then take credit when one eventually materializes. One of the worst things about 2008 was that it bailed out a lot of misanthropes who were then able to capitalize on…
The Buffett Boys on Piers Morgan
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Three Reasons Active Mutual Funds Suck These Days
Brendan Conway picks up on three basic truths about the State of Active Management from a paper by Smead Capital director of research Tony Scherrer. There are three reasons why the modern actively managed mutual funds suck, according to the research: 1. Benchmark-hugging has now grown into such a large phenomenon that, when combined with traditional index funds,…