Hottest links for Wednesday August 14th, 2013 (see Tuesday’s edition of hottest links here). Top stories for today include; Best penny scheme ever, 13F galore, Hyperloop and a look at some prior grandiose ideas, BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is up for sale, but does anyone actually want to buy it?; A shocking investigation reveals that a pilot aged 88 might have been responsible for the plane crashing; $8 million dollar startup tries to take on the biggest player in financial data, Bloomberg LP, An interview from the CFA Institute with Paul Brodsky; How much of a correlation is there between QE and the S&P 500 (INDEXSP:.INX) the answer may surprise you...; European equities are soaring, showing once again that value investing is king.
Hottest Links: Stories
Lots of 13Fs are coming out, as anybody who is anybody files the very last second, which is 45 days after the quarter ends. Stay tuned and come back to find the latest data here. Baupost, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), Tiger Global, Pershing, Greenlight Capital, Esterline Technologies Corporation (NYSE:ESL), Icahn Enterprises LP (NASDAQ:IEP), Lone Pine, and all the other big names are filing 13Fs shortly.
Investor Herd Dynamics
The biggest component in most investors' opinion of you is the opinion of other investors. [Paul Graham]
The Importance of Turnover in Picking Managers
The importance of looking at turnover cannot be overstated. A look at some data on performance and turnover ratios. [Michael Lipper, CFA Institute]
Penny-Stock Fraud Operators Mastered The Art Of Cross-Selling
This is a great story, and would be funny if people had not lost so much money. Not only did these fraudsters run pump and dump schemes they then setup a scheme to pretend they were lawyers. [Matt Levine, Deal Breaker]
Boston Globe Returned to Local Ownership.
The Hyperloop Has Been Unleashed
Tesla Motors Inc (NASDAQ:TSLA)'s Elon Musk is out with his new hyperloop loop idea, many are not buying it, including Zero Hedge. Take a look at other failed ideas in the past. [Tyler Durden, Zerohedge]
Quite the QE Conundrum….
One thing I’ve continually cited throughout Quantitative Easing is how the evidence between stock prices and QE is actually much less reliable than most presume. [Cullen Roche, Prag Cap]
Value-oriented Equity Investment Ideas For Sophisticated Investors
We analyze twenty intriguing equities in this report, with many of them trading near 52-week lows. In some ways, the ideas profiled herein represent the "dogs of 2012." Our goal, therefore, was to assess the extent to which the maket's judgement might be misguided. While a few of the ideas turned ot to be less interesting than they appeared initially, several companies struck us as materially undervalued, including Artio Global Investors Inc. (NYSE:ART), Best Buy Co., Inc. (NYSE:BBY), Cache, Inc. (NASDAQ:CACH), Chesapeake Energy Corporation (NYSE:CHK), EXCO Resources Inc (NYSE:XCO), Safe Bulkers, Inc. (NYSE:SB), Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), Unisys Corporation (NYSE:UIS), and Xerox Corporation (NYSE:XRX). [Manual Of Ideas]
Chart o’ the Day: Euromentum
Below, a ratio chart I've created of the SPDR EURO STOXX 50 ETF (NYSEARCA:FEZ) priced in the Dow Jones Industrial Average (INDEXDJX:.DJI) using the ETFs. As we can see the place to buy has been in distressed Europe and not in America where at best equities are at an average valuation. [Joshua M Brown, The Reformed Broker]
Bill Ackman’s Hits and Misses
Bill Ackman’s hits and misses: A look at some of Pershing Squares biggest winners and losers over the past several years. [David Benoit, WSJ]
BlackBerry Has Put Up The 'For Sale' Sign
Seven months after BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) launched a new operating system, Christened itself with a new name and renewed its fight in the smartphone wars, the company is looking for a possible way out. [Parmy Olson, Forbes]
Morningstar Takes A Big Stake In A Startup Gunning To Be The Bloomberg For RIAs
Flush with $8 million in VC dollars and some if from Morningstar, Inc. (NASDAQ:MORN), YCharts is betting that its data feed and content can challenge the Bloomberg behemoth by filling a hole for wealth and hedge fund managers. We wish them luck and think this will be a big challenge since Bloomberg has about $20 billion to match that. [Shawn Carpenter, RIA Biz]
Interview With Paul Brodsky
In the spirit of last week’s feature, which asked a few of our contributors to speak about things that they believe to be true but know they could never prove, we present this week’s podcast interview with Paul Brodsky. [William Ortel, CFA Institute]
361 Capital Weekly Research Briefing
361 Capital portfolio manager, Blaine Rollins, CFA, previously manager of the Janus Fund, writes a weekly update looking back on major moves, macro-trends and economic data points. [Blaine Rollins, The Reformed Broker]
How Football Can Help You Understand The Monetary System
Did you ever consider that our monetary system is actually a lot like a big game of football (soccer if you’re American or futbol if you’re not, whatever, they’re both cool sports so get over it)? [Cullen Roche,