Wisdom, Failure and What Would Mom Do?
Ciao, bella! Back in the States, jumping right into our morning train reads:
- Bull Market Losing Biggest Ally as Buybacks Fall Most Since 2009 (Bloomberg); see also Central Bankers’ Wisdom Faulted as Gold Holdings Surge 25% (Bloomberg)
- 401(k) Fees, Already Low, Are Heading Lower (WSJ)
- Deconstructing 30 Year Stock Market Returns (A Wealth of Common Sense)
- These hedge fund managers made $4.7 million per day last year (Washington Post), but see also The World’s Smartest Investors Have Failed (Motley Fool)
- Economists Disagree With Voters Who See U.S. Worse Off Today Than in 1960s (WSJ)
- An Investors’ Credo To Live By: What Would Mom Buy? (MoneyBeat)
- Apple R&D Reveals a Pivot Is Coming (AboveAvalon)
- In Oracle v. Google, a Nerd Subculture Is on Trial (Motherboard)
- Tiny Tests Probe for Dark Matter and Other Exotic Physics (Wired)
Fund Fees Predict Future Success or Failure
Be sure to check out our Masters in Business interview this weekend with Robert Frank, economics professor at Cornell, author of "Success and Luck: Good Fortune and the Myth of Meritocracy."
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