Hot Links: According to Internet Math…

Posted by

What I'm reading this morning:

Stuff I’m Reading this Morning…

Highest conviction hedge fund exposure by asset class.  (ZeroHedge)

Jobless Claims drop for fifth straight week.  (USAToday)

Someone gave JPMorgan the idea that America was interested in social engagement with it. What a solipsistic bubble of ignorance these people have constructed for themselves to live in.  (Bloomberg) and (BusinessInsider)

Five stocks ready to break out from multi-year bases.  (bclund)

Jeff Gundlach says stocks are the only game in town…for now.  (Reuters)

Tyler Cowen: The robots are already here and taking our jobs. Become a libertarian.  (Politico)

Ari Weinberg on creating a personal investment benchmark.  (BBC)

This is not a story from an alternate universe or different dimension: SnapChat, with a dozen employees, is supposedly worth $3 billion according to internet math.  (NYT)

“While quantitative value strategies focusing on both value and profitability metrics have added significant value to portfolios, they cannot identify which individual stocks you should buy.”  (CBSMoneyWatch)

This pink motherf***er is the most expensive diamond ever purchased at auction.  (TheAtlantic)

The yuppies and old hipsters are getting stoned in public all day with vaporizers.  (NYP)

REMINDER: Backstage Wall Street is now on Kindle!

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

Read this next.