Here are some stories that caught my eye this week:
Thorp’s book, A Man for All Markets is out, bringing a ton of attention to, in my opinion, one of the smartest people of all time. After all, who else has conquered Vegas and Wall Street? The book is a must read and one of my favorites so far this year.
3 simple things you can do today to help prepare you for when markets inevitably turn volatile once again.
Written by the authors of the new biography on Claude Shannon; A Mind at Play. 6 months ago I had never heard of Claude Shannon, but he kept appearing in books I was reading. I am just starting the bio (book review coming soon), but what did the authors learn from studying him as they wrote their book?
It is easy to get sucked into investing in the newest, latest and greatest. But sometimes investing in what will last is a much better, and even easier, route.
Written by the author of Mind at Play – a few more observations on how geniuses came about.
Are we in a stock market bubble? I don’t think anyone can say for sure. But what is not unusual about today is the fact that a few large companies make up a very large portion of the stock market. Ben Carlson takes a look.
Return on Equity, a measure of how much income companies are making based on their book value, is at an all time low. Is that a sign the market top is near?
· Also from Ritholtz – How Active is Your Passive?
“Passive” may not mean exactly what you think.
Are you a contrarian investor? Then maybe you should think about going short the market.