10 Monday AM Reads

Welcome back to the workweek. Here are our snowy Monday morning train reads:

• A Dozen Things Taught by Warren Buffett in his 50th Anniversary Letter that will Benefit Ordinary Investors (25IQsee also Uncle Warren Explains It All to You (Epicurean Dealmaker)
• Institutions Pour Cash Into Bond ETFs (WSJ)
• 8 things millennials want—and don’t want—show how different they are from their parents (WonkBlogsee also Retirement Planning for Millennials (A Wealth of Common Sense)
• Data Security Is Becoming the Sparkle in Bitcoin (NYT)
• Why Does the U.S. Chamber of Commerce Oppose the Interests of American Business? (Scholarly Financial Planner)

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Discussions found on the web:
  1. farmera1 commented on Mar 2

    Science, we don’t need no stinkin’ science.


    Let’s see to name just a few benefits from science, antibiotics, vaccines, insulin, any number of drugs etc, etc. We all have a better chance of living longer than our ancestors from a hundred years ago, but who needs science. After all our leaders tell us that the bible negates science. I wonder if they will ask a doctor to help them when they are ill with some treatable disease.

  2. rd commented on Mar 2

    It will be interesting to see how many of the prized unicorns turn into illiquid dogs in the next market crash. I hope the investors have deep pockets so they can ride it out.

    • Iamthe50percent commented on Mar 2

      The first time I landed at Newark Airport (in the late ’70s) I thought “If this was my town, I’d try to burn it down too.”

  3. VennData commented on Mar 2

    Tom Donahue and the US CHamber of Commerce focuses on raising money rather than actually getting things done for the long-term benefit of American business? I’m shocked – SHOCKED! – their’s lobbying going on here.

    Next up USCC decides that insurance companies should only pay out “If they feel like it”

    USCC says casinos can cap their daily losses regardless of the cads in your hands

    USCC supports voiding all manufacturers warranties in B2B transactions.

    The good news is that (even though Tom Donahue makes a grotesquely high salary) he was wise enough to stay out of the markets due to Obama’s socialism.

    • willid3 commented on Mar 2

      wont eliminating warranties on all B2B transactions eliminate most if not all warranties?

  4. VennData commented on Mar 2


    The March 2009 Anniversary of the Obama Stock market rally call, by none other than the Commander-in-chief himself. (How many mutual fund and pension fund managers has the man got a better track record than?!)



    It’s the most wonderful time of the year
    With Fox new bimbos ignoring
    While smart folks say be of good cheer
    It’s the most wonderful time of the year

    It’s the hap-happiest season of all
    With those NAZ 5K greetings and index fund meetings
    When friends come to call
    It’s the hap-happiest season of all

    There’ll be parties for hosting
    DOW Hats for toasting
    Fist-bumping out in the snow
    There’ll be scary ghost stories
    Of right wingers ranting and
    Making predictions from long, long ago

    It’s the most wonderful time of the year
    There’ll be WSJ guesses
    Of collapsing messes
    GOP Voters hiding in fear
    It’s the most wonderful time
    Yes the most wonderful time
    Oh the most wonderful time
    Of the year

  5. VennData commented on Mar 2

    Speaker of the House John Boehner (R-OH) on Face the Nation

    ​Speaker Boehner, live on set, to John Dickerson, guest-hosting CBS’s “Face the Nation,” on whether he can lead what he calls a “rambunctious” House: “I think so. I’m not going to suggest it’s easy. Because it’s not. But remember what’s causing this. It’s the president of the United States overreaching. And that’s not just immigration. … 38 times, he made unilateral changes to Obamacare — many of these … far beyond his constitutional authority to do so. And so the frustration in the country, represented through the frustration of our members, has people scared to death that the president’s just running the country right off the cliff.”​


    ​The GOP just can’t help themselves but try to defend the nation against Obama! It’s in their pure, white blood​

  6. rd commented on Mar 2

    I find the focus n getting consumers to spend more fascinating. Whenever, they hunker down there are articles about how the consumer is suddenly saving more: http://www.marketwatch.com/story/incomes-surge-spending-doesnt-whats-going-on-2015-03-02?link=MW_home_latest_news

    Meanwhile, there is a parallel set of articles that are bemoaning low household savings rates, indebtedness, and the retirement crisis. You would think that consumers electing to save more (either actual saving or paying down debt) would be a good thing, but since business and government are in austerity mode, the assumption appears to be that the consumers just need to suck it up to fill the breach.

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