10 Monday AM Reads

My morning afternoon train reads:

James Montier: Maximizing Shareholder Value Is The Dumbest Idea In The World (Business Insider)
• My (Somewhat Tepid) Defense of Hedge Funds (AQR Capital) but see Seeking Clarity Within the Hedge Fund Mirage (Brandes Inst)
• The marijuana industry could be bigger than the NFL by 2020 (Washington Post)
Housel: How to Learn From Market Mistakes (WSJ)
• The world’s biggest economic problem: Deflation in the euro zone is all to close and extremely dangerous (The Economist) see also Is economic growth permanently lower? (FT)
• Texas Highways Deadliest as Anti-Tax State Curbs Roadwork (Bloomberg)
• When iPhones Ring, the Economy Listens (NY Times)
• The Secret History Behind The Science Of Stress (NPR)
• What Happens To Our Brains When We Exercise And How It Makes Us Happier (Fast Company)
• Apple iTunes Sees Big Drop in Music Sales (WSJ)

What are you reading?


Several stealth corrections this year

Source: Fidelity


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