Saturday links: salmon prices

Mar 18 7:15am Abnormal Returns
Notes: Insights from Lisa Feldman Barrett’s How Emotions Are Made: The Secret Life of the Brain.  (Marginal Revolution)...
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Longform links: technical gear

Mar 18 7:00am Abnormal Returns
Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look changes that modern...
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The Incredible True Story of the Real Life Trading Places

Mar 18 6:00am Blog – Trend Following Trading Systems from Michael Covel
Recently, I joined Bloomberg’s Joe Weisenthal and Tracy Alloway on thier podcast, Odd Lots, to talk about Trading Places and the Turtles: If you have any interest at all in finance, then it’s mandatory to have seen the 1983 movie “Trading Places.” You remember, right? Two wealthy Philadelphia commodity brokers bet on whether anyone, even […] The post The Incredible True Story of the Real Life ’Trading Places’ appeared first on Trend Following Trading Systems from Michael Covel.
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A Dozen Ways Virality Can be Misused and Misunderstood

Mar 18 2:06am 25iq
  1. “The most important thing that we did [at Facebook’s] was I teased out virality and said you cannot do it. Don’t talk about it. Don’t touch it. I don’t want you to give me any product plans that … Continue reading →...
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Top Ten Videos March 18

Mar 17 8:01pm
A “perfect storm” for gold and silver? Max Keiser sees “potential for an ugly mob, ugly scene.” The elite are turning into preppers. More wild predictions from Clif High. Nigel Farage interviews Marine Le Pen.                     The post Top Ten Videos — March 18 appeared first on
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Trader Talk: Stock traders are worried about the bond market, but maybe they shouldn't be

Mar 17 6:16pm Trader Talk with Bob Pisani
The bond traders might be misreading the signs on growth and Trump, writes Bob Pisani in his latest Trader Talk post.
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This is why Washington wrangling could become a bigger deal in the week ahead

Mar 17 6:03pm Market Insider with Patti Domm
Markets are entering "information no man's land," but this is what they'll be paying attention to in the week ahead.
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Update on Analyst Course, Part 2, Readersuggestions

Mar 17 5:13pm csinvesting
An excellent HBO 90-minute special on Buffett. Even if you are sick of hearing about Buffett, this is an excellent video.  Susan Buffett, wife of Warren, “He was reading ALL THE TIME.” A book on strategy         … Continue reading →...
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3 Charts That Show Stock Market Euphoria Is Totally Unprecedented

Mar 17 4:21pm The Felder Report
“Bull markets are born on pessimism, grown on scepticism, mature on optimism and die on euphoria.” -John Templeton Last week I focused on fundamentals, sharing 3 charts that show stock market valuations...
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Next Generation Investors: How Millennials Will Influence Finance

Mar 17 3:53pm CFA Institute Enterprising Investor
So how will millennials most influence finance in the next few years? For insight, we asked readers of CFA Institute Financial NewsBrief what they believe. Rebecca Fender, CFA, examines their response. Read more...
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Op-Ed: Merkel hands Trump his second win of the week

Mar 17 3:32pm Commentary
While some may have expected fireworks out of German Chancellor Angela Merkel's visit to the White House Friday, Jake Novak says it was a PR victory for Trump.
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Op-Ed: The LA Times just used 'Hamilton' as a pawn in Trump's budget game

Mar 17 3:00pm Commentary
The Los Angeles Times chose "Hamilton" to defend funding for the NEA. That's a flimsy argument, says Jake Novak.
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Tobacco Stocks Moving Notably Higher On Choppy Trading Day

Mar 17 2:29pm RTT - Mkt/Sector Trends
Most of the major sectors are showing only modest moves during trading on Friday, contributing to the lackluster performance by the broader markets.
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9 things to do to get that big promotion

Mar 17 2:15pm Commentary
How to make yourself the top choice when the time comes.
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Conference: Vestager, Posner, and Top Scholars Ask If There Is a Concentration Problem in America

Mar 17 2:13pm
On March 27-29, the Stigler Center will host a first-of-its-kind, three-day conference on the question of concentration in the U.S. economy that will bring together top economists, policymakers, regulators, journalists, and public intellectuals.     Does America have a concentration problem? In the past two years, the debate over concentration, market power, and bigness—and their potential effects on the U.S. economy—has increased. Both Hillary Clinton and Donald Trump promised to pursue more active antitrust policies during the run-up to the election, and both Democrats and Republicans were critical of the merger between AT&T and Time Warner. For the first time in […]...
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Marketlife Ep 36 How to Fix Your Trading - Adam H Grimes

Mar 17 2:05pm Adam Grimes
In this podcast, I cover a step by step plan that I’ve found to be very effective in fixing the problems traders face. Too many times, people waste time on trading plans that do not work. Too many times, traders do not understand their edge, or even know if they have one. Too many times, […] The post Marketlife Ep 36 – How to Fix Your Trading appeared first on Adam H Grimes. No related posts.
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Op-Ed: Trumps delay of this retirement-advice rule is a huge mistake

Mar 17 2:05pm Commentary
The head of an investment managers industry group says Trump’s order to delay implementation of fiduciary rule won’t just hurt investors it will also hurt their advisors, too.
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Return of the 'traditional' bra scores an upgrade for Victoria's Secret's parent company

Mar 17 12:41pm Market Insider with Patti Domm
Shares of L Brands rose on Friday, after an analyst upgraded the firm and hiked her price target.
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Friday links: easy contrarianism

Mar 17 12:04pm Abnormal Returns
Notes: We should pursue meaning not happiness. Insights from Emily Esfahani Smith’s The Power of Meaning: Crafting a Life That Matters.  (Fast...
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Market Lab Report - FAQ: Could you please point me towards learning how to use the timing models? And a list of suggested ETFs? Basically, everything I need to know.

Mar 17 11:44am Virtue of Selfish Investing Market Lab Reports and Newsletters
1) Read through the Market Timing Results page if you plan to put part of your investment portfolio into market timing: which covers both the VIX Volatility Model (VVM) and Market Direction Model (MDM). There are links that will guide you to understanding the strengths and weaknesses of the strategies.   2) Read through any of our VIX Volatility Model and Market Direction Model FAQs that may be of interest to you. You can also read up on various topics by typing in keywords into the search bar:   3) In the archived reports section, you will notice a list of suggested ETFs is given whenever either model switches to a buy or sell signal. In the case of the VVM, your choice of ETF depends on how much leverage you wish to take. For sell signals, you can choose between 0.5x and 1x ETFs. For buy signals, you can choose between 1x and 2x ETFs.  In the case of MDM, we typically provide 1x, 2x, and 3x ETF choices. The types of ETFs can vary though we usually focus on the tallest standing midget which has been the US market these past many years (as of this writing 3-17-17). Thus our ETF selection has typically been focused on S&P 500, NASDAQ Composite, and sometimes technology-related ETFs such as S&P Technology Select. That said, there is nothing wrong with stepping outside our ETF suggestions and buying something different provided you can see that your choice of ETF correlates to a high degree with our choice. Always understand the risks involved in your choice of ETF so you can position size appropriately. You may also wish to take partial profits at certain points. Your risk tolerance level may be greater or less than that of either model thus you may wish to adjust your position size accordingly. ...
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St Patricks Day, 2008

Mar 17 11:29am The Reformed Broker
It would change all of our lives and change the world. ...
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Are you a results-oriented investor? If so, youre making a big mistake, says top poker thinker

Mar 17 10:51am Commentary
Being "results-oriented" is a flaw, not a boast, says Tommy Angelo.
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Op-Ed: Tillerson is threatening North Korea, but here's his real target

Mar 17 10:38am Commentary
Rex Tillerson's tough talk against North Korea is really a warning shot at this nation, says Jake Novak.
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Garbage Companies & The Marijuana Industry: Expert Warns About Overvalued Cannabis Stocks

Mar 17 10:36am Exclusives
Investing in marijuana stocks isn't easy and definitely not for the risk-averse. With so many penny stocks out there, how can individual investors tell the good from the bad? Investment banker and President of cannabis advisory firm Electrum Partners, Leslie Bocskor, recently shared a look at how to pick the right cannabis stocks. Earlier this week, Benzinga reached out to Alan Brochstein, who regularly points out overvalued stocks to avoid in the cannabis industry. Since the year started, Benzinga singled out eight marijuana stocks that seemed overvalued; These stocks on average have lost more than 25 percentage points. Stocks To Avoid Brochstein wanted to highlight the fact that there are great cannabis companies out there and what he works on is on telling them apart from the bloated penny stocks. The fist company Brochstein mentioned was Greengro Technologies Inc (OTC: GRNH). “My number one issue with the company, just from the get-go, is that, even though they have been around for quite a while, they still don't file with the SEC. That's always a huge red flag,” he noted. “In addition, they haven't been showing a lot of revenue.” On Wednesday, the company put out a press release and a few things that caught Brochstein’s eye. "Their stock has been hammered year-to-date," Brochstein started. "Suddenly, they come out with a press release ...Full story available on
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Podcast links: put-upon people

Mar 17 10:28am Abnormal Returns
Fridays are all about podcast links here at Abnormal Returns. You can check out last week’s links including a look at what...
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Chart of the day: trend following in sugar - Adam H Grimes

Mar 17 10:22am Adam Grimes
The post Chart of the day: trend following in sugar appeared first on Adam H Grimes. No related posts.
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Why markets may be wrong about Europe

Mar 17 10:11am BlackRock Blog
We believe markets appear too pessimistic on Europe’s outlook—a big reason why we are positive on European stocks. Jean explains.
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Do You Really Know What Risk Is & Can You Handle It?

Mar 17 10:00am Investiv Daily
Risk can’t be defined as volatility as it includes factors like your retirement, your children’s college tuitions, mortgage payments, unemployment, etc. In life altering situations, nobody thinks about the highest expected utility hypothesis. The personal side of risk is more important than any ratio, coefficient, or return potential. Introduction Defining investing risk is crucial for […]...
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Tax Loss Harvesting: Enough is Enough

Mar 17 9:53am Blog – Bason Asset Management
I recently had a conversation about the benefits of tax-loss harvesting, specifically about the benefits offered by several leading robo-advisors who perform “daily” tax loss harvesting, and if “traditional” human financial advisors are losing their edge in this space. Tax loss harvesting (TLH) and specifically aggressive TLH, is one of the primary selling points of […]...
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Billionaire investor Marc Lasry shares how he's playing markets right now

Mar 17 9:37am Warren Buffett Watch
Buy on the prospect of deregulation. Sell on the enactment of deregulation.
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Mortgage Relief and Fear Gauges

Mar 17 9:33am
Also RINs, last look, an odd investment dispute, hacking and unicorns.
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Market Lab Report - Time to take profits? VVM returns for 2017 just topped +50%

Mar 17 9:25am Virtue of Selfish Investing Market Lab Reports and Newsletters
This note is for members but also to give those who are thinking of joining an understanding of profit taking in certain situations when it comes to both stocks and ETFs. The current signal on the VIX Volatility Model (VVM) just topped +20\% with returns for 2017 topping +50\%. Each time returns hit a new decile (20\%, 30\%, 40\%, etc), including when the model was in beta, I would send an email notifying members that some may wish to take profits. The market has been challenging to say the least given quantitative easing manipulations. Even with the US ending QE in late 2014, other major central banks continue to print thus QE finds its way into the tallest standing midget which is the US market. Bond king Bill Gross wrote a piece on it here:  This does not create lasting uptrends in individual stocks. The number of higher quality stocks such as NVDA are scant at best. The bull market that began in 2009 is nothing at all like bull markets of decades past where a confluence of leading names made moves that sustained over a longer period. It's as if the market is being pushed on a string, reluctant to move in either direction in a meaningful manner, with the occasional short, sharp correction that finds a floor then moves higher.  But when the market baby steps its way higher or takes 3 steps forward, 2 1/2 steps back, it can be called a bull market of sorts, though certainly not one that is easy to navigate. Our strategy of buying stocks on constructive weakness and selling into excessive strength in context with the stock's chart and overall general market has worked well these past few years.  All this is to say that even though the model which is an ETF-based strategy is not officially taking profits here, there's nothing wrong with taking some profits off the table, depending on your risk tolerance levels and trading styles. More aggressive traders may of course wish to strictly follow the model.
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Op-Ed: Why the bond market sell-off is almost over

Mar 17 9:16am Commentary
The Trump trade is creating these opportunities for bonds, says UBS's Mark Haefele.
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Why Wall Street is excited about Trump's first step toward deregulation

Mar 17 9:07am Trader Talk with Bob Pisani
It's the opening salvo in a battle to reduce regulations, one of the "pillars" of the Trump agenda.
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Talking about the losers: RUBI, NVTR and BVX

Mar 17 8:49am Reminiscences of a Stockblogger
I have a lot of losers. My investment methodology leads me to take small positions in stocks that I’m not entirely sold on.  These are cases where I haven’t had the time to investigate all the details, or maybe I’ve looked at the company closely and while I see a big enough pay off to […]...
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Choppy Trading May Persist Ahead Of G20 Meeting

Mar 17 8:45am RTT - Market Analysis
The major U.S. index futures are pointing to a roughly flat opening on Friday following the lackluster performance seen in the previous session. Traders may look to take a breather as they continue to digest Wednesday's closely watched monetary announcement from the Federal Reserve.
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This is what the Dutch election was all about

Mar 17 8:40am Credit Writedowns Pro
On Wednesday night, the Dutch elections saw the two parties in the governing coalition lose 37 of the 79 seats they now hold between them. That's a massive defeat frankly. Yet, the Prime Minister's party is spinning this as a win. And for some reason, the international press is focusing on the underwhelming gain of the anti-Euro PVV party as if that’s the big takeaway. It isn’t. ...
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Wells Fargo CEO: We will 'reassure' our investors including Warren Buffett

Mar 17 8:32am Warren Buffett Watch
The Oracle of Omaha is the bank's biggest shareholder, with his firm Berkshire Hathaway holding a 9.6 percent stake.
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Trend Following Radio Feedback

Mar 17 8:30am Blog – Trend Following Trading Systems from Michael Covel
Feedback in: Hi Michael, I’m an avid follower and seldom miss a podcast. Thank you for the frank perspective in these uncertain times. I am deeply concerned about the coming crash and have taken significant action but am constantly seeking out more information on how to protect oneself financially, politically and socially. I just listened […] The post Trend Following Radio Feedback appeared first on Trend Following Trading Systems from Michael Covel.
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Early movers: TIF, ADBE, CAT, VRX, NFLX, C, AAPL, KKR, GOOS & more

Mar 17 7:52am Market Insider with Patti Domm
Names on the move ahead of the open.
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Adding 2 New Stocks To Stocks I Follow (SNAP, SHOP)

Mar 17 3:00am Intelligent Speculator
Today I’m happy to confirm that I’m adding 2 new stocks to the list of stocks that I follow: Snapchat Inc (SNAP) Shopify (SHOP) Shopify (SHOP) is a Canadian based company that has a platform making it very easy for merchants to start selling their stuff online. That means making it easier for merchants to […]...
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What the repeal of Obamacare will mean for the U.S.

When it comes to political footballs, U.S. healthcare is hard to beat. Just seven years ago, in March 2010, the Affordable Care Act – nicknamed ‘Obamacare’ – became law. This significant overhaul of the U.S. healthcare system was, of course, strongly criticised by the Republican Party and its backers. Now, the Republicans are about to dismantle… Continue reading →...
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Weekend Reads for Investors: Brain Gain Edition

Mar 17 12:01am CFA Institute Enterprising Investor
In this week's edition of Weekend Reads for Investors, Jason Voss, CFA, features articles about an unlikely encounter with George Soros, the intractability of the human mind, the environmental effects of nanotechnology, and translating our emotions into words. Read more...
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Ep. 537: Isaac Lidsky Interview with Michael Covel on Trend Following Radio

Mar 16 10:00pm Blog – Trend Following Trading Systems from Michael Covel
Subscribe to Trend Following Radio on iTunes Isaac Lidsky graduated from Harvard with a degree in mathematics and computer science, was a successful practicing attorney and became the only blind person to have clerked at the U.S. Supreme Court. His story is one of overcoming a rough obstacle. Isaac’s book, “Eyes Wide Open,” is about […] The post Ep. 537: Isaac Lidsky Interview with Michael Covel on Trend Following Radio appeared first on Trend Following Trading Systems from Michael Covel.
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Company Notes Digest 3.17.17

Mar 16 9:17pm Avondale Asset Management
Each week we read dozens of transcripts from earnings calls and presentations as part of our investment process. Below is a weekly post which contains some of the most important quotes about the economy and industry trends from those transcripts. Click … Continued...
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After-hours buzz: ADBE, AVXS, GOOS & more

Mar 16 5:51pm Market Insider with Patti Domm
See which stocks are posting big moves after the bell.
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4 Lessons Latin American Startups Can Teach U.S. Businesses In The Trump Era

Mar 16 5:08pm Exclusives
Benzinga recently spoke with IguanaFix’s Matias Recchia. The co-founder and CEO of one of the most successful startups in Latin America discussed the challenges of building a successful business in the region; of servicing large-caps like Anheuser Busch Inbev NV (ADR) (NYSE: BUD), Starbucks Corporation (NASDAQ: SBUX) and Restaurant Brands International Inc (NYSE: QSR)’s Burger King; and of getting funded by Silicon Valley heavyweights like QUALCOMM, Inc. (NASDAQ: QCOM) Ventures. In this piece, we’ll look into a few lessons that U.S. businesses could take from Latin American startups for the Donald Trump era. Learn To Live With Uncertainty The first lesson U.S. businesses should take from Latin American is to learn how to live with uncertainty, how to adapt. “In Latin America, laws, currency exchange rates are constantly changing, taxes are constantly changing," Recchia said. "So, we get used to constantly adapting, to assuming no variable in our business is fixed.” “And, I believe that similarly, nowadays in the U.S., healthcare regulations will change, financial regulations will change… While on the one hand, this is very complicated; on the other hand, it generates new opportunities. So, what entrepreneurs have to learn is to be comfortable with uncertainty,” he ...Full story available on
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US dollar in focus as traders watch G20 finance minister meeting

Mar 16 4:41pm Market Insider with Patti Domm
Traders will likely watch international headlines Friday after the major events of the week have left stocks in a holding pattern.
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Hold on tight: the great property sell-off has begun

The much derided prediction of a sell-off in Australian property prices has finally started.  Prices in some cities are starting to fall.  Rental yields are becoming unsustainably low.  And many property buyers are now at the point of ‘no return’ (yes, the pun is intended). Of course, you wouldn’t think the property bubble had reached… Continue reading →...
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PETA Buys Canada Goose Stock, Plans To Push For An End To Use Of Real Fur

Mar 16 3:57pm Exclusives
Luxury coat maker Canada Goose (NYSE: GOOS) is celebrating a big pop on its first day of trading on the NYSE. Shares initially soared 25 percent as investors rushed in to get a piece of the popular apparel company. One of the most surprising Canada Goose buyers was animal rights organization People for the Ethical Treatment of Animals (PETA). The organization has been outspoken about its opposition to Canada Goose’s use of real coyote fur and goose down in its jackets. PETA is using Canada Goose’s IPO to take a strategic position as a company shareholder by buying the minimum number of shares required to submit shareholder resolutions and be able to speak during company shareholder meetings. PETA intends to ...Full story available on
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Op-Ed: Here's the $156 billion in wasteful military spending Trump should slash

Mar 16 3:14pm Commentary
Trump doesn't need more money for defense. He can pay for a buildup by targeting this wasteful department spending.
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Op-Ed: With Trump's new travel ban blocked and his health bill flailing, his agenda is in tatters

Mar 16 2:15pm Commentary
Trump's top executive orders remain on ice — as his top legislative priority will be soon, writes Vox's Andrew Prokop.
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Now that the Fed hurdle has been cleared, the 'Trump Bump' must come through

Mar 16 2:13pm Trader Talk with Bob Pisani
How long will the market continue to give the "Trump rally" the benefit of the doubt?...
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Market Lab Report - 2 FAQs for newer members

Mar 16 1:17pm Virtue of Selfish Investing Market Lab Reports and Newsletters
FAQ #1: This is my third week as new member (as of 3-16-17). I have not received any emails alerting to Pocket Pivots or gap ups in these three weeks. Is this normal? A: Many names were added earlier as we always strive to be early where one's risk is less rather than chase strength. Here's the list of PPR and BGU reports sent since Feb 13 (you can see them in the report archives), though a number of names that have done well (TTD, JD, MOMO, QTNA, etc) that are still on the Focus List were added before Feb 13. Mar 13 2017 Pocket Pivot Review - COHR 3-13-17 Feb 23 2017 Buyable Gap Up - SQ 2-23-17 Feb 16 2017 Buyable Gap Up - NTES 2-16-17 Feb 15 2017 Pocket Pivot Review - NTNX 2-15-17 Feb 15 2017 Pocket Pivot Review - TWLO 2-15-17 Feb 15 2017 Pocket Pivot Review - BABA 2-15-17 Feb 14 2017 Buyable Gap Up - THO 2-14-17 Feb 13 2017 Pocket Pivot Review - AKS 2-13-17 Feb 13 2017 Buyable Gap Up - CC update Feb 13 2017 Buyable Gap Up - CC 2-13-17   FAQ #2: ...
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Op-Ed: Suddenly, actively managed funds are sexy again

Mar 16 12:23pm Commentary
Passive investing has been a mantra for years. But now, stock pickers are hot again, says Debra Silversmith.
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Billionaire Investor, Millionaire Mistakes

Mar 16 12:16pm RCM Alternatives
If you’re looking for a case study of what a horrible idea it is to invest based on what billionaires invest in, look no further than Bill Ackman (head of Pershing Square Hedge Fund) and his disastrous Valeant trade. This week, Ackman finally got rid of his remaining Valeant shares, totaling roughly $4 Billion in […]...
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Thursday links: tolerating errors

Mar 16 11:51am Abnormal Returns
Review: The self-help movement is coming under fire in books like Svend Brinkman’s Stand Firm: Resisting the Self-Improvement Craze. (NYTimes)...
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A 3-step formula for a great elevator pitch

Mar 16 11:03am Commentary
You only have a few seconds, so use them wisely.
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Op-Ed: What's really at stake in the right's bitter fight over Trumpcare

Mar 16 10:13am Commentary
Right wing opposition to the GOP health bill hitting a fever pitch. Here's why that's so good, say Jake Novak.
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