Luis Suarez and Italy’s Giorgio Chiellini, just after the former took a bite out of the latter’s shoulder during Tuesday’s World Cup match between Uruguay and Italy.Photo by Javier Soriano/AFP/Getty Images These were the most read posts on TRB this week, in case you missed them: What if Wages Rise? Rolling the Drunks Late 90′s…
The top ten ETFs of 2014 at the halfway point
The most fascinating thing about the leading coffee ETNs (1 and 3), which rose 62% and 57% respectively, is that they faced a combined $100 million plus in outflows through the first six months – another reminder that flows aren’t terribly important to exchange traded product performance, while the underlying investments are (almost) everything. Read the full article…
Vanguard on the Myth of the Stock Picker’s Market
You’re hearing a lot this summer about how there is more opportunity for active stock pickers right now because of factors like dispersion and falling correlation. Vanguard’s Jim Rowley explains why this is a fallacy and how today is no better or worse than any other period of time for stock pickers in the aggregate:…
(belated) Hot Links: Ponzi Promises
Your morning financial links, expertly curated.
Talking Dark Pools and HFT on NPR
Yesterday morning, I joined NPR’s On Point Radio program to discuss the recent charges levied at dark pool operators at the major brokerage firms. Scott Patterson, WSJ reporter and author of the book Dark Pools, has an interview at the top of the show and then I come in at the 15 minute mark. Enjoy!…
Clips from Today’s Halftime Report
Will Ferrell crashes USA Soccer party: I will bite every German player
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Rolling the Drunks
In nineteenth century New York City, one of the more popular ways for the lower-class criminal element to earn a living was emptying the pockets of the inebriated passersby. The scam was so popular, it was given its own name: Rolling the drunks. Essentially, the tavern or saloon owners would spot the most intoxicated patrons within their…
Clips from Today’s Halftime Report
James O’Shaughnessy: Why Investors Should Avoid Glamor Stocks
My friend James O’Shaughnessy was on CNBC’s Squawk Box this morning to explain why investors who focus on value rather than momentum will do better over the long run (even if they don’t have as much fun in the short run). Jim is one of the original quants and factor investors, his book What Works…
