Hottest links for Monday September 16th, 2013 (see Sunday‘s edition of hottest links here). Top stories for today include; Forget about dog bites man or man bites dog, dog shoots man! You might be sick of the Twitter IPO but a really great post from someone who is probably the best financial journalist on the topic of accounting; Hedge funds are now turning to psychology, and we are not referring to anything related to Ray Dalio and meditation; Continuing the series on how to detect accounting fraud in Asia from an insider (and a value investor); 12 things you can learn from Warren Buffett; Meb Faber’s mom buys munis in what he is saying could be a sign of a market top.
Hottest links: Stories
Everything You Need to Know About Twitter’s ‘Confidential’ IPO
We’re on Twitter time now. The official announcement, sealed with a Tweet of course, said simply, “We’ve confidentially submitted an S-1 to the SEC for a planned IPO.” EY is the global public accounting firm of choice to emerging social networking/social gaming companies such as Groupon Inc (NASDAQ:GRPN), Zynga Inc (NASDAQ:ZNGA), and Facebook Inc (NASDAQ:FB) as well as veteran technology and media companies such as Google Inc (NASDAQ:GOOG), Hewlett-Packard Company (NYSE:HPQ), News Corp (NASDAQ:NWSA) (NASDAQ:NWS), and Oracle Corporation (NYSE:ORCL). [Francine McKenna, Medium]
David Nadel Offers Insights on WCNY’s “Financial Fitness”
On August 8, 2013, Director of International Research and Portfolio Manager David Nadel joined a discussion about international markets with “Financial Fitness” Host Dave Mirabito and other guests, including Independent Financial Advisor and Professor of Economics at Lemoyne College in Syracuse, New York Harjit Arora; President and Wealth Advisor with Wealth Resources Network in Liverpool Jeff Layhew; and Associate Professor of Finance at the Whitman School of Management of Syracuse University Ravi Shukla. [TheRoyceFunds]
A Dozen Sentences I’ve Learned from Warren Buffett
The task I gave myself in this blog post was to distill Warren Buffett’s investing wisdom into my “Dozen Things” format but do so in only twelve sentences (instead of the usual 999 word limit). I tried to make each sentence build on the previous sentence(s). One could write a book about how Warren Buffett (there are many), but reducing it to an essential core is also valuable. [Tren Griffin, 25iq]
Trading Bots Create Extreme Events
High-frequency trading is the practice where automated systems search for minor differences in price of stocks that can be exploited for small financial gains. [John Timmer, ArsTechnica]
Hedge Funds Revolutionise Trading
Hedge funds turn to psychology software to revolutionise trading. [David Oakley, FT]
Eurozone Crisis Reaches Catastrophic Level
The European financial crisis has claimed many victims– from the scores of unemployed who have no hope of finding a job, to the people who can no longer afford to put a roof over their family’s heads– but the ones hit the hardest? The ones whose plight tugs most violently at the heartstrings? [Bess Levin, DealBreaker]
Mom’s Buying Munis
My mother (that I love more than anything on the planet) is the near perfect contrarian signal when it comes to investing. Rarely do we actually talk investing, but when we do it is usually in the form of “should I sell X?” after X has declined by Y. [Mebane Faber]
The Secret Financial Market Only Robots Can See
That’s the contention of a group of scientists who study complex systems after analyzing market data, collected by Nanex, since the advent of high-speed trading. While the fallout of computerized algorithms has been seen before, including the infamous 2010 “flash crash,” when markets lost nearly 10% of value in just a few minutes, that same kind of sudden volatility is going on all the time, unseen. [Tim Fernholz, QUARTZ]
Three Things We’ve Learned From the Financial Crisis
The Wall Street Journal hosted a one-hour spreecast Monday afternoon in which several academics, analysts and journalists debated the health of the financial system, what changes have occurred five years later and what still needs to be done to improve financial and economic conditions in the U.S. Here are three takeaways from the discussion: Is the financial system safer now than it was five years ago? Was it a mistake to let Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) fail? What does the future look like for ballooning student debt? [Steven Russolillo, MoneyBeat]
Detecting Accounting Frauds in Asia (Part 2)
Can you name any accounting frauds in consumer stocks? In the top-of-the-mind accounting scandals ranging from Enron, WorldCom, HealthSouth Corp (NYSE:HLS), Waste Management, Inc. (NYSE:WM), UK’s Autonomy, Bre-X and Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ) to Satyam Computer (ADR) (OTCMKTS:SAYCY) (NSE:SATYAMCOMP) and Sino-Forest Corporation (TSE:TRE) (OTCMKTS:SNOFF) in Asia, there don’t seem to be one in the consumer industry. [Koon Boon Kee, BeyondProxy]
Hottest Links: Not The Onion
Texas Woman Wounded When Dog Knocks Over Shotgun
The dog was ambling about its Fort Worth home Saturday night when it knocked over a shotgun leaning near the homeowner. The gun discharged when it fell to the ground, striking the 78-year-old woman in the left foot as she watched television. [Chron]
