This is great… Cartoon by Joe Heller, Green Bay Press-Gazette

Your morning financial links, expertly curated.

Warren Buffett dropped an excerpt of his forthcoming annual shareholder letter at Fortune Magazine today and, as usual, it’s dripping with well-worn market wisdom and common sense. There’s something about how he relays these basic truths that gets me every time.  Here are five fundamentals he distills down from more than fifty years of experience: …

“A bull market is like sex. It feels best just before it ends.” – Barton Biggs I knew this girl in college who really liked to be bitten right before she, you know… took a final. This past week’s $19 billion Facebook binge felt like the beginning of a climaxing of sorts – the type of…

The other day we threw up the Nasdaq Composite chart going back to the 80’s in nominal prices. It’s a bit misleading given how long ago that old record high was (fourteen years is forever in market time). Christopher Mistal at the Stock Traders Almanac creates an inflation-adjusted Nasdaq chart below vs the nominal price…

1. hedge fund managers 2. Wall Street’s top strategists 3. technical analysts 4. day-traders 5. swing-traders 6. newsletter writers and book authors 7. journalists 8. financial advisors 9. your dentist 10. leading finance professors 11. famous economists 12. bloggers and columnists 13. tweeters 14. horses who count with their hooves 15. astrologers 16. value investors…

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Only every once in a great while, does the perfect author come upon the perfect subject matter for a book at the perfect time in history for it to be written