What I'm reading this morning:
Stuff I’m Reading this Morning…
New Rule of Stocks: Get Used to the Grind (MoneyBeat)
The economic data / FOMC week to come: (CalculatedRisk)
Pfizer makes its monster $100 billion bid for Astra Zeneca official. (USAToday)
hedge funds have huge small cap short bets on. (Bloomberg)
The recovery has produced a lot more low-wage jobs than anything else. (NYT) see also: The Rich Man’s Bubble is popping. (TRB)
Buffett clarifies his Coca-Cola pay stance to Stephen Gandel, let’s slip that his successor is a he. (Fortune)
Hugely important point: As an investor, the last thing you want is for all positions to be firing on all cylinders. (Morningstar)
“The good news is the why doesn’t matter- when a stock sells off on good earnings, it usually pays to listen.” (IrrelevantInvestor)
Putin’s gang has billions stashed everywhere, all over the globe – good luck pursuing it. (Bloomberg) and (Quartz)
Surprise! US money managers are “cautiously optimistic” at the moment. (TBP)
‘Help Wanted’ signs are suddenly popping up everywhere. (BusinessWeek)
Commodities are breaking free of ETFization as correlations fall apart. (FTAlphaville)
Seth Godin on scale: “You decided to get bigger, but you won’t be able to treat everyone the way you used to. That was your decision, and it’s one of the costs of bigger.” (SethsBlog)
Lake Bell is smokin hot in Esquire Magazine this month. Not safe for earth. (Esquire)
The new book – Clash of the Financial Pundits – now available for pre-order!
