What I’m reading this morning
Joshua M Brown
How Uber is Changing the Economy
I had an Uber driver tell me yesterday that the service has completely changed his life for the better. He drove a cab for 24 years and was afraid to ever give it up because of all the security that went with working for the company that held the medallion. He’s been wiping vomit out of…
Hot Links: Take a Breather
What I’m reading this morning
Kendrick Lamar on SNL
K Dot had two performances on last night’s Woody Harrelson-hosted Saturday Night Live…
David Tepper’s Current Stock Portfolio
13F’s dating back to the end of Q3 (9/30) are now out. I’ve been playing with the site Dataroma to see what some of my favorite investors have been buying and selling this fall. Below is a screengrab of David Tepper’s holdings, as per his fund Appaloosa’s latest filing. If you click over, you can…
true diversification
Cartoon by Harley Schwadron
If active managers’ fees were a country, it would have the GDP of Switzerland
The New York Times’s personal finance section gets a the jump on a State Street applied research report coming out Monday on investor habits and behavior. I’ll spare you the suspense – they find that people, pros and amateurs alike, are obsessed with finding alpha no matter what the cost and worry more about benchmarks…
This Week on TRB
Teaching John Mauldin to tweet the other night at Sparks in NYC
Liquid Alts: First Outflows in 30 Months
October was a tough month for liquid alts – the category saw its first monthly outflow in more than two years. What makes this surprising is that October was the most volatile month of the year, and your gut instincts would tell you that this would drive money in, not out. Until you realize that…
QOTD: The Google Joke
This is my Quote of the Day
