Good Twitter IPO morning:
• Going public: How Twitter’s IPO will work (AP) see also The Single Biggest Determinant of Startup Valuations at IPO (Tom Tunguz)
• You’re Not Listening To Robert Shiller If His CAPE Ratio Has You Scared Of Stocks (Business Insider)
• Lifestyle ETFs and investment products based on belief systems (Reformed Broker) see also Ex-Hedgie Now On Index Crusade (Index Universe)
• INVESTING FAIL: Gold Bug Schiff Counters Goldman on First Drop Since 2000 (Bloomberg)
• The FHFA is pushing ahead with a plan to ban fees on ‘force-placed’ insurance. (WSJ) see also
• The Numbers Guy: Public cost of fast-food industry’s low pay remains unclear (WSJ)
• Distressed Home Sales: Rising or Falling? It Depends on the Source (WSJ)
• How Washington Is Wrecking the Future, in 2 Charts (Atlantic) see also Where’s the GOP’s anti-poverty agenda? (Washington Post)
• The antibiotic era is over. And we are cutting health research funding? (Incidental Economist)
• Far-Off Planets Like the Earth Dot the Galaxy (NY Times)
What are you reading?
Major Asset Classes YTD Returns
Source: Capital Spectator
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