Review & Outlook

Our take on the investing, financial, & economic themes of the day

Weekend Reading

Quote of the Day: 

“A few years back, however, Andrew Hargadon, an entrepreneurship expert who teaches at the University of California-Davis, noted that the U.S.patent and trademark office had issued over 4,400 new mousetrap patents since it opened in 1828, but that only two dozen of those ideas ‘have made any money, and only two designs have ever dominated the market.’ In short, even if you have designed a better mousetrap, the world may not agree and rush to your door.”

–Chuck Jaffe in Market Watch

 

Links:

A Tough Week (Reformed Broker)

Talks Fall Apart As Israel Batters Gaza (WSJ)

What if Financial Planning were More Like P90X? (Kitches.com)

28 Things to Avoid at All Costs (Morgan Housel)

Nine Decades in the Barricades: The Many Careers of Jim Buckley (WSJ)

Can You Withstand the Pain of Value Investing? (Alpha Architect)

The iBillionaire Index ETF: brilliant or gimmick? (MaketWatch)

The Wealthiest Americans by State (Vox)

The Love of Stories is What Sets Human Being Apart (Edge)

Are You a Saver or an Investor? It Matters in a 401(k) (CNN Money)

The Promoted Stock Scoreboard (Aleph Blog)

The New Yorker Has Unlocked its Archives. Here are 25 of the Best Articles (Longform)

 

Chart of the Day: 

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Source: Reformed Broker