What I'm reading this morning:
- Facebook's earnings last night - great engagement, big expenses (Business Insider)
- GM earnings miss, blame is on dollar / int'l weakness (CNBC)
- Flash Crash trader appears in court, opposes extradition to the US (DealBook)
- Matt Levine in defense of quote spoofing. It's basically harmless good fun that could maybe sometimes wreck the entire capital market (Bloomberg View)
- Quite an accusation here - were the Clintons involved in influence peddling for the Russians (New York Times)
- Morgan Housel: Terrible Advice I Hope Young People Ignore (Motley Fool)
- Investors have driven down the cost of mutual funds by 15% over the last five years (Morningstar)
- Rick Ferri on how to interpret SPIVA data on fund performance persistence (Indexology)
- Six more reasons why the average investor underperforms (Aleph Blog)
- Can Symphony unseat Bloomberg as The Street's trader messaging system? (Institutional Investor)
- Carl Sagan’s Bullshit Detection Kit (The Big Picture)
- "There are those who provide liquidity to the blogosphere and the plagiarists who remove liquidity by discouraging their victims to offer new ideas." (Price Action Lab)
