Happy Independance Day! Here are some pre-beach reads (or actual beach reads, if you get TBP on your Kindle):
• Morsi repeated McCain’s error: Ignore the economy (MarketWatch) see also Egypt Interim Leader Inherits Troubled Legacy From Mursi (Bloomberg)
• Is Warren Buffett More Myth Than Legend? (Marketwatch) (A Dimensional Fund Joint)
• Celebrity Economists Make Waves (At Work)
• Weber Grills: Mostly Made in America by Private Equity (Businessweek)
• What the Hell Happened to Jon Corzine? (Fiscal Times)
• Rising Rates Tie Ivory-Tower Types in Knots (Bloomberg) see also Bond Funds Losing $60 Billion Foreshadow Risk of Fed Exit (Bloomberg)
• Prosecutions of offshore banks may help turn tide against secrecy (McClathy)
• Free Press Pushes the Justice Department to Respect Journalists’ Rights (Free Press) see also Meet the “Journalists Against Journalism” club! (Salon)
• The Economics of Eating Out (priceonomics)
• Machiavelli doesn’t belong to the 1 percent (Salon) see also Mankiw, Kaplan, CEO Pay and the Defense of the 1 Percent (Economic Policy Institute)
What beach are you heading to?
Smart Long Term Investors Ignore Headlines
Source: Vanguard
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