Chicago in the Financial Times →
Lehman Bros cold calling script →
Jesse's Café Américain: Some Common Fallacies... →
Efficient Markets and Innovation « The Baseline... →
Interesting discussion on innovation in finance. The last paragraph is especially key: Outside the financial sector, “new” generally implies “better” or “improved”. Computers, cars, phones, detergent, etc. all get a marketing lift on new models, since in order to stay competitive in most of these industries, your products have to get better and better. In finance, almost everything is zero sum,...
Rick Bookstaber: The 7 Habits of Highly Suspicious... →
Jeremy Grantham interview →
On the psychological battle
As Robert Prechter reminds his readers, “the news at turning points is just too...– Hugh Hendry’s June commentary in regards to the 2008 oil bull. via ZeroHedge
State Dept asked Twitter to delay maintenance... →
fred-wilson: Sunlight - The Harlem Shakes -...
joelaz: Floating Action - 50 Lashes
People Suck at Investing →
Eight Forty-Eight - A Chicago Police Mourns His... →
358 Days Later... | Sentiment's Edge →
“The S&P 500 is poised to close above its 200-day moving average today for the first time in 358 trading days, the 2nd-longest streak in its history.” Click through to see the performance numbers.