I’ve featured Jesse Livermore, the pseudonymous blogger at Philosophical Economics, here on TRB quite a bit this year. He’s been smashing it pretty consistently and breaking the backs of the mythmakers at every turn. I love this bit he just wrote about how price – the unknowable – is always king in the end, despite…

I had dinner with a friend who works with advisory clients just like I do but he’s at one of the big wirehouses. His entire book of business is allocated toward active strategies – SMAs, mutual funds, in-house wrap accounts, hedge funds, funds of hedge funds, etc. Philosophically, we are miles apart in terms of…

Video

I’m buying one of these for my dad, hopefully he won’t land on eToys again… (click to embiggen!)   Wait til you see the Chance and Community Chest cards, head over below. Source: Relive the first tech bubble with Monopoly: The .com Edition (Quartz)  

The airline stocks are up 100% this year, the top performing industry group of 2013. They’ve been despised by investors for so long that there’s not even an airline stock ETF! Analysts are projecting 20% earnings growth over the next few years – remarkable given the history of these companies having lost more money than…

Here were the most read posts on TRB this week, in case you missed them: Sundown at the Permabear Alamo Can You Get Investment Knowledge from Twitter? BlackRock: 3 Reasons for a Global Dividend Growth Strategy Chart o’ the Day: Solar Energy Costs Plummet Bernanke Goes Out Like a Wrecking Ball  

Your morning financial links, expertly curated.

If you’re an investor looking to capitalize on market inefficiencies, this is music to your ears for 2014: If you bought a U.S. equity fund this year, there’s about a 98% chance you invested in a fund managed by the Vanguard Group Inc. Vanguard, best known for its index funds and emphasis on low-cost investing, received $41.4…