10 Sunday Reads

My easy like Sunday morning reads:

• Why Indexing Beats Stock-Picking (Bloomberg View) but see The Man Who Hates E.T.F.s (Dealbook)
• The real reasons people retire: It’s not just about money. Health, family, and lifestyle choices are also key. (Fidelity)
• Warren Buffett Has an Image Problem (WSJ)
• Who wants to be a hedge fund? (Bloomberg View)
• Home-Loan Borrowers Bypass the Banks (WSJ) see also The Case for Buying a Home You Can’t Afford (Bloomberg)
• Eaten alive by their own Ayn Rand/Koch brothers Frankenstein: The GOP destroyed themselves (Salon)
• What ISIS Really Wants: The Islamic State is no mere collection of psychopaths. It is a religious group with carefully considered beliefs, among them that it is a key agent of the coming apocalypse. Here’s what that means for its strategy—and for how to stop it. (The Atlantic)
• Primaries are what keep the GOP out of the White House (Reuters) see also Republicans still can’t explain why their economic ideas keep failing (Washington Post)
•  Stop Doubting the iPhone, The Macintosh Company (Stratechery)
• Go here before it’s gone (news.com.au)

Be sure to check out our Masters in Business interview this weekend with David Rosenberg, chief economist at Gluskin Sheff.


Hourly Earnings In Last One Year

Source: Market Realist

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What's been said:

Discussions found on the web:
  1. MarkKlose commented on Nov 15

    The graph makes the year/year increase in the average hourly wage appear appear quite large. The increase was $0.61, which was 2.48%. The core CPI (less food & energy) increased 1.9% through September (October data will be released in the coming week) with real wages increasing ~0.6%.

  2. anemone commented on Nov 15

    Enjoyed the ETF story is in which Kraus complained about 30% discount in large fund. Spotting this tremendous inefficiency, he must have bought heavily at that time, right? If not, why not?

  3. Molesworth commented on Nov 15

    Atlantic article on Isis is best explanation yet that I’ve read.
    He got one bit wrong though assuming Isis is behind Paris attacks.
    He wrote exporting attacks isn’t part of their plan.
    “…Europe to carry out attacks. The jihadist seemed to regard returnees not as soldiers but as dropouts. “The fact is that the returnees from the Islamic State should repent from their return,” he said. “I hope they review their religion.””
    Optimally we’ll join forces with EU, Turkey, Iran, Russia and blow the smithereens out of them.
    They may morph but much diminished as they are more hierarchical than AQ.

  4. Jojo commented on Nov 15

    Excellent news!
    U.S. Smoking Rate Declines, but Poor Remain at Higher Risk
    NOV. 12, 2015

    WASHINGTON — Smoking, the leading cause of preventable death in the United States, continued to decline last year, federal health authorities reported Thursday, with the share of American adults who smoke dropping to 16.8 percent, down from 17.8 percent in 2013.

    Smoking has been one of the brightest public health successes of recent history. Nearly half of all Americans smoked in the 1960s, but a broad push against the habit, starting with the surgeon general’s warning in 1964, helped bring rates down. The rate has dropped by about a fifth since 2005, when it was 21 percent.

    But the national numbers mask deep trouble spots within the American population. About 43 percent of less educated Americans smoked in 2014, compared with just 5 percent of those with a graduate degree. About a third of Americans insured by Medicaid, the health insurance program for the poor, smoked, compared with 13 percent of Americans with private insurance.


  5. Jojo commented on Nov 15

    Caffeinated peanut butter? Say whatttttttttt???
    A jolt from peanut butter: the newest way to get a caffeine fix
    By Brady Dennis
    October 16 2015

    It started as a conversation about the perfect sandwich to combat a hangover. Peanut butter and jelly on thick slices of banana bread, the three friends decided. With crispy bacon layered in for crunch.

    “A sensory overload,” recalled Chris Pettazzoni. “The one missing component was caffeine.”

    From that lighthearted beginning, Pettazzoni and partners Keith Barnofski and Andrew Brach created Steem caffeinated peanut butter, the latest entry in a growing corner of the food world that has some federal regulators feeling jumpy.

    There are caffeinated potato chips, sunflower seeds, gummy bears and beef jerky. You can pour caffeinated maple syrup onto your caffeinated waffles. You can enhance your water with caffeinated flavoring. Wrigley even launched a caffeinated gum a couple years ago before pulling it from the market because of concerns from federal regulators.


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