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Reading Recommendations Archive

Weekly Reading Recommendations

River Road’s investment team members share the articles they’re reading.

May 21, 2020

This time really is different (bloomberg.com; tiered subscription)

The playing field (medium.com)

Stocks are giving the illusion of strength (themacrotourist.substack.com; subscription required)

Banks are only as sound as their models (wsj.com; subscription required)

The three sides of risk (collaborativefund.com)

May 14, 2020

Druckenmiller sees an awful risk/reward for equities (zerohedge.com)

Inflation worries will be wrong for a second time (bloomberg.com; tiered subscription) 

This is not the next Great Depression (wealthyaccountant.com)

Leading epidemiologist thinks we’re in the second inning (usatoday.com)

COVID-19 may last up to two years (indiatoday.in)

May 7, 2020

The 90% economy (economist.com; subscription required)

Value legends Buffett and Zell are worried (zerohedge.com) (bloomberg.com; tiered subscription)

Planning for a bankruptcy epidemic (project-syndicate.org)

Oil’s recovery could take decades (bloomberg.com)

Wi-Fi is getting its biggest upgrade in 20 years (theverge.com)

April 30, 2020

Gates on the first modern pandemic (gatesnotes.com)

What 5 models say the next month will look like (nytimes.com)

Minerd expects four years to recover (guggenheiminvestments.com)

Miller explains why this is a great buying opportunity (millervalue.com)

Worst case scenarios for diversified portfolios (awealthofcommonsense.com)

April 23, 2020

Munger says the phone is not ringing (wsj.com; subscription required)

CalPERS’ dumped its hedges at the wrong time (institutionalinvestor.com)

Testing hampered by disarray (wsj.com)

The Coronavirus in America: The Year Ahead (nytimes.com)

Containing the crisis (hussmanfunds.com)

April 16, 2020

A look at the 1957 and 1976 U.S. flu pandemics (history.com) (smithsonianmag.com)

Hoisington sees five to seven years to get back to 2019 output (hoisingtonmgt.com)

Money has no meaning anymore (time for some gold?) (bloomberg.com; tiered subscription)

Capitalists or cronyists? (profgalloway.com)

The Fed isn’t allowed to do any of this (bloomberg.com; tiered subscription)

April 2, 2020

A roadmap to recovery (aei.org)

Why flattening the curve is overrated (pensford.com)

Nothing is working now (moneymaven.io)

Testing update (calculatedriskblog.com)

Long run economic consequences of pandemics (ssingh.ucdavis.edu)

March 26, 2020

The great leverage unwind (guggenheiminvestments.com)

Legendary managers make comments on the market (oaktreecapital.com) (fpa.com) (gmo.com) (advisorperspectives.com)

A plan to get America back to work (nytimes.com)

Getting angry (brontecapital.blogspot.com)

Flatt updates Brookfield shareholders (bam.brookfield.com)

March 19, 2020

How markets process COVID-19 (millervalue.com)

The sell-off in a historical perspective (awealthofcommonsense.com)

The perilous road ahead (rationalwalk.com)

Burry warns of selling stampede (bloomberg.com; tiered subscription)

This too shall pass (researchaffiliates.com)

March 12, 2020

A preview of what’s coming (woodlockhousefamilycapital.com)

Different kinds of decline (collaborativefund.com)

Market panics in hindsight (sabercapitalmgt)

Looking beyond the volatility (blackstone.com)

Words of wisdom from Munger (assets.empirefinancialresearch.com)

March 5, 2020

Many admired investors advocate calm and perspective (brooklyninvestor.blogspot.com) (oaktreecapital.com) (millervalue.com) (woodlockhousefamilycapital.com) (broyhillasset.com)

Bill Gates vs. the “base-raters” on the spread of the coronavirus (nejm.org) (bloomberg.com; tiered subscription) (theatlantic.com)

Pandemic: a slowdown or a recession? (calculatedriskblog.com)

Singapore as the litmus test for containment (newyorker.com; tiered subscription) (bloomberg.com; tiered subscription)

How viruses spread (awealthofcommonsense.com)

February 27, 2020

How we’re thinking about coronavirus (intrinsicinvesting.com)

All eyes to the Fed  (themacrotourist.substack.com)

Learning the wrong lessons (lt3000.blogspot.com)

Inside Berkshire’s future (barrons.com; subscription required)

Corporate governance as an underrated moat (nongaap.substack.com)

February 20, 2020

T-Mobile and Sprint deal may just be the opening act (cnbc.com)

Bye-bye buybacks (blog.evergreengavekal.com)

Brookfield seems well positioned for the future (ft.com; subscription required) (bam.brookfield.com)

ESG indexes will be bigger than traditional gauges (bloomberg.com; tiered subscription)

Solar power is now cheaper than fossil fuels (pv-magazine-usa.com) (forbes.com)

February 13, 2020

Casper should not have gone public (profgalloway.com)

The origins of the Astros cheating scheme (wsj.com; subscription required)

Vanguard enters private equity (wsj.com; subscription required)

Apple watch outsold the entire Swiss watch industry (cnbc.com)

Laser LiFi could send data speeds soaring (spectrum.ieee.org)

February 6, 2020

Arnott on value’s death (researchaffiliates.com)

How I almost bought the Knicks (wsj.com; tiered subscription)

The housing crisis in the heartland (bloomberg.com; tiered subscription)

401(k)s have reached their expiration date (morningstar.com; subscription required)

Blow-out housing starts (calculatedriskblog.com)

January 30, 2020

It may be the biggest tax heist ever (nytimes.com; tiered subcription)

Are Utilities a new growth sector? (troweprice.com)

Wall Street caves on MiFID (bloomberg.com; tiered subcription)

Peak Permian is approaching (bloomberg.com; tiered subcription)

Bill Miller had a nice 2019 (millervalue.com) (finance.yahoo.com)

January 23, 2020

Stocks have rarely been this quiet  (wsj.com; subscription)

Another compelling Hoisington case for lower rates  (hoisingtonmgt.com)

4 lessons from Blackrock’s ESG statement (morningstar.com)

150 portfolios better than yours (whitecoatinvestors.com)

Is a $1,000+ book worth reading? (amazon.com) (woodlockhousefamilycapital.com)

January 16, 2020

The 47,500% return: meet the Mendelson family (forbes.com)

Hidden dangers of the index fund takeover (bloomberg.com; tiered subscription) 

Bad to worse at Softbank (profgalloway.com) (oversharing.substack.com)

BlackRock puts Climate front and center (bloomberg.com; tiered subscription) 

Oil and natural gas going in different directions (reuters.com)

January 9, 2020

The art of not selling (akrecapital.com)

AI for picking stocks? (wsj.com; subscription)

UPS’s e-commerce bet is paying off (fortune.com)

The choice of an ESG ratings provider is critical (researchaffiliates.com)

The next 24 months for FedEx (profgalloway.com)

January 3, 2020

A great year and decade (nytimes.com) (spectator.co.uk) 

Changes coming at Wells Fargo (americanbanker.com)

The Permian gas problem is just getting worse (bloomberg.com; tiered subscription) 
 
Why banks are undervalued  (advisorperspectives.com) 

1997 Buffett on Microsoft investment (sabercapitalmgt.com) 

December 26, 2019

The best books I read in 2019 (awealthofcommonsense.com)

Like the Coffee Can portfolio from years ago, this fund succeeds by doing nothing (csinvesting.org)  (wsj.com; tiered subscription)

Having the guts to fade your idol (themacrotourist.substack.com)

ESG investing impact on stock prices (advisorperspectives.com)

Bookings is not scared of Google (intrinsicinvesting.com)

December 19, 2019

Huge disparity in corporate profits hints at something amiss (wsj.com; tiered subscription)

Creativity in Investment Firms (cfainstitute.org)

Does this make any sense? (awealthofcommonsense.com)

52 things I learned in 2019 (medium.com)

Never forget these 10 investment rules (realinvestmentadvice.com) 

December 12, 2019

Update on the U.S. repo market (msn.com) (biancoresearch.com)   

Ken Griffin’s other money machine (bloomberg.com; tiered subscription) 

CalPERS fires most of its equity managers (ai-cio.com)

A look at the source of the bull market’s returns (awealthofcommonsense.com)

Paul Volcker was a remarkable public servant (bloomberg.com; tiered subscription) 

December 6, 2019

What makes a fund company excellent? (morningstar.com; tiered subscription)

How to read (collaborativefund.com)

How Barry Diller built a $4.2 B tech fortune (forbes.com)

Abandon value? Now?? (rafi.com)

The quest for better explanations (woodlockhousefamilycapital.com)

November 27, 2019

Meet the Buffett Bot (ft.com; subscription required)

A critical look at ESG research and performance (alephblog.com) (advisorperspectives.com)

It’s time to sin as value stocks are starting to work (institutionalinvestor.com) (wsj.com; tiered subscription)

Valuing the Aramco IPO (aswathdamodaran.blogspot.com)

AI can’t predict if you’ll die soon (newscientist.com)

November 21, 2019

The “time horizon” edge grows (sabercapitalmgt.com)

How Google interferes with its search algorithms (wsj.com; tiered subscription)

Active managers just can’t win the loser’s game (bloomberg.com; tiered subscription) (advisorperspectives.com)

Brooklyn investor thoughts on Schwarzman’s new book (brooklyninvestor.blogspot.com)

Wind turbines are getting wild and producing returns (popularmechanics.com) (bloomberg.com; tiered subscription)

November 14, 2019

Meet Wall Street’s best dealmaker (forbes.com)

The google squeeze (stratechery.com)

Simons questioned by investors (wsj.com; tiered subscription)

A breakthrough molecule to store solar power (bloomberg.com; tiered subscription)

Bob Iger is ready for the streaming wars (bloomberg.com; tiered subscription)

November 7, 2019

The making of the world’s greatest investor (wsj.com; tiered subscription)

So much for the cashless society (latimes.com; tiered subscription)

Inside the Nordstrom Dynasty (nytimes.com; tiered subscription)

The bond market panic that wasn’t (barrons.com; tiered subscription)

Kerrygold butter has conquered American’s kitchens (bloomberg.com; tiered subscription)

October 31, 2019

Morningstar’s deep dive on value underperformance (morningstar.com; tiered subscription) 

Schwab kills commissions to feed its scale flywheel (intrinsicinvesting.com)

The gasoline car to the EV is like the horse to the car (contrarianedge.com)

Bond rating firms go easy on some highly levered firms (wsj.com; tiered subscription) 

How to retire by 40 (ft.com; subscription required) 

October 24, 2019

A eulogy for the 60/40 portfolio (awealthofcommonsense.com)

Where ESG fails (institutionalinvestor.com; tiered subscription)

Housing suggests no recession (calculatedriskblog.com)

Shades of 2000 (gmo.com)

Half the world’s banks won’t survive a downturn (bloomberg.com; tiered subscription)

October 17, 2019

The best predictor of stock fund performance (and it’s not fees) (morningstar.com; tiered subscription)

Three big things that are shaping the world (collaborativefund.com)

Hoisington sticking with their long-term bonds, but Gross is not (hoisingtonmgt.com) (williamhgross.com)
 
Bubble yet? (brooklyninvestor.blogspot.com)

How Markopolos got GE wrong (fortune.com; tiered subscription) 

October 10, 2019

NYU professor on WeWork (nymag.com)

Why the yield curve reliably predicts recessions (aier.org)

The rise of the machines (economist.org)

Everything is private equity now (bloomberg.com; tiered subscription) 

The seven-year auto loan (wsj.com; tiered subscription) 

October 3, 2019

Jim Grant is a Wall Street cult hero (institutionalinvestor.com; tiered subscription)

Bob Rodriguez sounds off on the Fed (advisorperspectives.com) 

Miami real estate is about to collapse (adventuresincapitalism.com) 

McDonald’s CEO wants Big Macs (and the Beyond Meat burger) to keep up with Big Tech (cnn.com) (bloomberg.com; tiered subscription) 

Woe is We (oversharing.substack.com)

September 26, 2019

Softbank founder’s empire is vulnerable to WeWork woes (bloomberg.com; tiered subscription) (wsj.com; tiered subscription) 

Explanation of the recent overnight repo rate volatility (wsj.com; tiered subscription) 

How U.S. banks now rule the world (wsj.com; tiered subscription) 

The end of shareholder primacy? (project-syndicate.org)

Home building less than half of what it used to be (realestateconsulting.com)

September 19, 2019

The growing market for clean energy portfolios (rmi.org)

Unicorns and now spaceships going public (finance.yahoo.com) (fool.com)

The affordable housing crisis (curbed.com)

Blueprint for successful dividend investing (dividendgrowthinvestor.com)

Streaming video will end up like the bad old days of TV (nytimes.com; tiered subscription)

September 12, 2019

Historic start to this trading week (zerohedge.com)

When corporations changed their social role (wsj.com; tiered subscription)

The risk of outsourced thinking (sabercapitalmgt.com)

Don’t fall into the intelligence trap (oakmark.com)
 
Debunking the passive is a bubble myth (awealthofcommonsense.com)(bnnbloomberg.ca)

September 5, 2019

Fate of largest ETF tied to 11 random millennials (bloomberg.com; tiered subscription)

Stock talk tips (hvst.com)

Older people are embracing video games (nbcnews.com)

Bond stars are underperforming (reuters.com)

Chicken sandwich mania at Popeye’s (sun-sentinel.com)

August 29, 2019

Broyhill argues for value’s resurrection (broyhillasset.com)

The housing market is getting back to normal (businessinsider.com)

Cities say no to 5G (wsj.com; subscription required)

McKinsey on resilient companies and asset management analytics (mckinsey.com)

Japanification is spreading globally (ft.com; subscription required)

August 22, 2019

Don’t freak out about the yield curve (calculatedriskblog.com)  

WeWork is all about Adam (oversharing.substack.com)

Is David Swenson horrible for investing? (institutionalinvestor.com) 

Oakmark’s Nygren explains how value investing has evolved (morningstar.com)

Germany sells bonds offering negative yields (nytimes.com: tiered subscription) (wsj.com; subscription required)

August 15, 2019

Asset managers on brink of historic shakeout (bloomberg.com; tiered subscription)  

Investing in a negative rate world (awealthofcommonsense.com) (wsj.com; subscription required)

Small value stocks are cheap (advisorperspectives.com) 

The best finance books in one sentence (awealthofcommonsense.com)

Bill Miller on The Fed’s rate cuts (millervalue.com)  

August 8, 2019

Why we should fear easy money (nytimes.com; tiered subscription)

Bubble, bubble, toil and trouble (researchaffiliates.com)

Howard Marks on the Fed and rates (oaktreecapital.com)

My questions about negative-yielding debt (awealthofcommonsense.com)

Pay-to-play is hurting investors (barrons.com)

Ron Howard and Brian Grazer want to be the center of the streaming era (nytimes.com; tiered subscription)

August 1, 2019

The greatly exaggerated death of value investing (millervalue.com)

Japanese rates present a warning for the world (bloomberg.com; tiered subscription)

The cannabis opportunity (mebfaber.com)

22 books that expand your mind (getpocket.com)

50 most valuable sports teams (forbes.com)

July 25, 2019

Value stocks haven’t traded this low in nearly half a century (bloomberg.com; tiered subscription) (fa-mag.com)  

Interesting summary of opioid crisis (cbsnews.com)

EBITDA add-backs are so hot right now (ft.com; subscription required)

Horizon Kinetics on the current internet bubble (horizonkinetics.com)

The U.S. is overflowing with natural gas (wsj.com; tiered subscription)

July 18, 2019

From negative-yielding junk to levered loans, the global bond market is alarming (bloomberg.com; tiered subscription) 

The compelling case for even lower bond yields and stock prices  (hoisingtonmgt.com) (hussmanfunds.com)  

Buybacks are the new dividend – an inside view of Delta’s buyback (ft.com; subscription required) (sullimarcapital.group) 

Does HHC teach us anything about other land banks(yetanothervalueblog.com)  

Why factor investing isn’t working (institutionalinvestor.com) 

July 11, 2019

Oakmark on the value of being a generalist (oakmark.com) 

Annual Sequoia Fund transcript (sequoiafund.com) 

Beware of the Dr. Fox Effect (broyhillasset.com) 

Global recession risks are up, and central banks aren’t ready (markets.businessinsider.com) (nytimes.com; tiered subscription) 

Morningstar is changing its ratings (morningstar.com) 

June 27, 2019

Are small caps and transports waving the red flag for the broader market? (bloomberg.com; tiered subscription) 

Consumers are becoming wise to your nudge (behavioralscientist.org) 

An extreme in fear and pessimism (fat-pitch.blogspot.com) 

Lack of standardized reporting holds back ESG integration (fundfire.com; subscription required) 

Midstream payouts inflecting (bpcfunds.com) 

June 20, 2019

Even Yale can’t keep up with the S&P 500 (morningstar.com) 

The South’s economy is falling behind (wsj.com; tiered subscription) 

International dividend yields are attractive (bespokepremium.com) 

Guy Spier’s annual report (aqfd.com; registration required) 

Letter to a young investor (advisorperspectives.com) 

June 13, 2019

ESG investing performance analyzed (a bit more on the topic) (morningstar.com) 

The making of Amazon Prime (vox.com) 

Europe inflation expectations at record low (bloomberg.com; tiered subscription) 

Bill Miller still betting big (wsj.com; tiered subscription) 

Can Buffett beat 2% over 25 years in Europe? (bloomberg.com; tiered subscription) 

June 6, 2019

The coddling of the American investor (theirrelevantinvestor.com) 

It’s like Moneyball for cattle (bloomberg.com; tiered subscription) 

Druckenmiller sells all of his equities (zerohedge.com) 

The two-fund portfolio just had its best decade (morningstar.com) 

The Kentucky Derby, as told by the horses (newyorker.com)

May 30, 2019

Big changes to U.S. retirement system (wsj.com; tiered subscription)

Making billions at the dollar store (fortune.com)

How Aldi is upending America’s supermarkets (edition.cnn.com)

The inverted yield curve (researchaffiliates.com)

Death by a 1,000 cuts (gmo.com)

May 23, 2019

Negative rates have become an addiction (wsj.com; tiered subscription)

Why isn’t Hulu better? (hbr.com; tiered subscription) 

The promise and pitfalls of 5G (knowledge.wharton.upenn.edu) 

A unique hedge fund that shares the risk of losses (bloomberg.com; tiered subscription) 

You can’t always trend when you want (aqr.com) 

May 16, 2019

The 2018 Broyhill book club (broyhillasset.com; registration required) 

The lowest level of U.S. births in 32 years (bloomberg.com; tiered subscription) 

What if the cycle turns(causewaycap.com) 

“I’ve never seen these kinds of valuations(institutionalinvestor.com; tiered subscription) 

A tale of two crashes (wsj.com; tiered subscription) 

May 9, 2019

The Berkshire transcript (thehobbyistinvestor.com)

An interesting proxy fight in the oil patch and the “dissident’s” response (dallasnews.com; horizonkinetics.com) 

How Schwab ate Wall Street (wsj.com; tiered subscription) 

The man who solved Jeopardy (fivethirtyeight.com) 

Conversation with short-seller John Hempton (realvision.com; registration required)

May 2, 2019

Vanguard patented a method to avoid mutual fund taxes (bloomberg.com; tiered subscription) 

Buybacks may be the best bet for Berkshire to outperform (ft.com; subscription required) 

The active dangers of passive investing (advisorperspectives.com) 

International dividends look attractive (thornburg.com) 

Kids are “so over” driving (wsj.com; tiered subscription) 

April 25, 2019

Even God would get fired as an active investor (alphaarchitect.com) 

The U.S. is the best example of MMT at work (themacrotourist.com) 

Read this before you become an Uber driver (oversharing.substack.com) 

Bill Miller explains his advantages (bizjournals.com; tiered subscription

Behind Paul Singer’s fearsome reputation (advisorperspectives.com)

April 18, 2019

Chou takes an honest look at his results (pg. 10)? (choufunds.com) 

Price-to-book is dead (advisors.leutholdgroup.com) 

Disney and the Future of TV (stratechery.com) 
 
Musk versus Einhorn (bloomberg.com; tiered subscription) 

Hoisington examines the results of too much debt (hoisingtonmgt.com) 

April 11, 2019

The decade of de-leveraging that wasn’t (bloomberg.com; tiered subscription) 

Net buybacks and the seven dwarfs (wsj.com; subscription required) 

An upside to sequence of return risk (morningstar.com; tiered subscription) 

The stocks manage themselves (awealthofcommonsense.com) 

The Berkshire buyback no one is talking about (fool.com) 

April 4, 2019

What is Amazon(zackkanter.com) 

Is 5G really a threat for cable companies? (lightreading.com) 

Death, taxes, and a few other things (collaborativefund.com)

Why Disney+ will succeed (redef.com)

Is this inversion more like 1998? (themacrotourist.com)

March 28, 2019

The Fed’s new normal (wsj.com; tiered subscription)

Most stocks underperform the market (awealthofcommonsense.com)

Will the 6% real estate commission last? (marketwatch.com)

The problem for small-town banks (wsj.com; tiered subscription)

The man with the perfect bracket (ncaa.com)

March 21, 2019

Counterintuitive competitive advantages (collaborativefund.com) 

Kraft Heinz lessons (aswathdamodaran.blogspot.com) 

How Sears lost the American shopper (wsj.com; tiered subscription)

March Madness and active investing (oakmark.com) 

Spinning gold (broyhillasset.com) 

March 14, 2019

Value stocks are cheapest versus growth in 14 years (bloomberg.com; tiered subscription)

Entertaining conversation with the former Bond King (ft.com; subscription required)

The family that built an empire of pain (newyorker.com; tiered subscription)

Is it worth it to be a famous fund manager anymore? (awealthofcommonsense.com)

How concentrated should you make your value portfolio? (investorfieldguide.com)

March 7, 2019

The fading American beer industry (bloomberg.com; tiered subscription)

Not caring about having an imperfect portfolio (collaborativefund.com)

An inside look at the Reds’ scouting database (theringer.com)

The Gates annual letter (gatesnotes.com)

Scratch the 401(k) (wsj.com; subscription required)

February 28, 2019

The final months at Theranos (vanityfair.com)

Buffett and Munger discuss their current thoughts (cnbc.com)

The compounding wonders of buy-and-hold (forbes.com)

Issues with CPG investing (intrinsicinvesting.com; rogermontgomery.com)

The pros/cons of ESG investing (whitecoatinvestor.com)

February 21, 2019

Beware of recessionary bias among analysts (blogs.uoregon.edu)

The dreaded earnings recession (awealthofcommonsense.com)

Both the right and the left have issues with MMT (mauldineconomics.com, nytimes.com)

Why people still don’t buy groceries online (theatlantic.com)

China’s demographic danger grows (wsj.com; subscription required)

February 14, 2019

Why time horizon works (collaborativefund.com)

Does more information lead to better investment decisions? (behaviouralinvestment.com)

ESG flows continue to set records (morningstar.com; tiered subscription)

Factor investing has failed to live up to its promises (researchaffiliates.com)

The price that makes hedge funds a steal (institutionalinvestor.com)

February 7, 2019

Everything you wanted to know about MMT (themacrotourist.com)

Are “low-volatility” stocks overvalued? (bloomberg.com; tiered subscription)

Legendary investor Rodriguez still thinks the equity market is delusional (thinkadvisor.com)

Was this a dead cat bounce? (theirrelevantinvestor.com)

The Permian is on track to be the world’s #1 oil field within three years (nytimes.com; tiered subscription)

January 31, 2019

Fed considering Trump’s “stop with the 50 B’s” (wsj.com; subscription required)

Munger likes this book (wsj.com; subscription required)

Bill Miller in the wilderness (institutionalinvestor.com; tiered subscription)

Does the U.S. just lick the glass like everyone else? (mebfaber.com)

The worst alternative investments (morningstar.com; tiered subscription)

January 24, 2019

GMO suggests the stock market bubble may be bursting (advisorperspectives.com)

Shiller on bubbles (blogs.cfainstitute.org)

Will these earnings last? (crestmontresearch.com)

Research Affiliates’ winning formula (researchaffiliates.com)

Romick on value investing (mebfaber.com)

January 17, 2019

Shutdowns get bad exponentially (bloomberg.com; tiered subscription)

Bill Miller thinks courage will be rewarded in the year of the pig (millervalue.com)

Hoisington explains how we’ll end up back at zero rates (hoisingtonmgt.com)

20% / year stock-picker wishes his edge would disappear (bloomberg.com; tiered subscription)

2018 marked the first year since 2006 with no bank failures (calculatedriskblog.com)

January 10, 2019

Gundlach’s forecast for 2019 (advisorperspectives.com, valuewalk.com)

Europe’s largest economy may be slipping into recession (bloomberg.com; tiered subscription)

IRS refunds may take longer this year (wsj.com; subscription required)

How important is sequence of returns risk? (obliviousinvestor.com)

Big landlords are starting to build new entry-level houses (wsj.com; subscription required)

January 3, 2019

Does the yield curve really forecast recession? (research.stlouisfed.org)

A history of bear market bottoms (theirrelevantinvestor.com)

Canada’s Buffett drives his own pickup truck (bloomberg.com; tiered subscription)

How much of the internet is fake(nymag.com; tiered subscription)

We can see things other people can’t see (barrons.com; subscription required)

 

 

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