What I'm reading this morning:
- Bill Gross is levering up with futures contracts. Big time. (Bloomberg)
- Nelson Peltz: Break up DuPont now! (Wall Street Journal)
- Goldman: Mainland Chinese investors are gonna snap up Hong Kong stocks like gangbusters (Bloomberg)
- Calpers Shows Masters of Hedge-Fund Universe Have No Clothes (Wall Street Journal)
- Only 2% of hedge funds actually earn their fees. (MarketWatch)
- Every hedge fund has its excuse. But you don't get to make excuses when you charge people 2 and 20. (A Wealth of Common Sense)
- Facebook is hiding something potentially important about where it's getting ad revenue from (Business Insider)
- You can't feed a family with GDP (Upshot)
- Noah Smith: Credit gets you a TV, not economic growth (Bloomberg View)
- Russia remains uninvestible and the very worst place to be a billionaire. (Business Insider)
- How are global fund managers currently positioned? (Fat Pitch)
- Jason Zweig on Alibaba's IPO: To buy or not to buy (MoneyBeat)
- There are almost no deep value stocks left (Millennial Invest)
- Greg Harmon assesses the run in Chinese stocks. Assesses is a hilarious word. (Dragonfly Capital)
- JC takes a look at the energy sector (All Star Charts)
- Small caps are killing portfolios this year (Crossing Wall Street)
- Congrats to Jason on the re-launch of his site. Bookmark this shit. (Jason Zweig)
- Which new fall shows should you give a shot to? (Wired)
