- S&P 500 Companies Spend 95% of Profits on Buybacks, Payouts (Bloomberg)
- The Real Lesson of Lehman (NY Books) see also A.I.G. Bailout, Revisionists’ Version (Dealbook)
- Solar and Wind Plunging Below Fossil Fuel Prices (Ramez Naam)
- AQR’s Asness: Prices Are Too High -- but It’s Not All Bad (CIO)
- When a Simple Rule of Thumb Beats a Fancy Algorithm (Harvard Business Review)
- Royal Swedish Academy of Sciences Has Decided to Award the
Nobel Prize in Physics for 2014 to Inventors of Light Emitting Diode
L.E.D. (Nobel)
- PayPal’s Incentive Problem (Stratechery)
- Inequality Is Bad for Growth of the Poor (but Not for That of the Rich) (Ideas)
- Still Buying Premium? The End of High Octane Gasoline (Scarce Whales)
- Review: ‘The Innovators’ by Walter Isaacson (WSJ)
What are you reading?
