Wednesday, February 18, 2015


Howard Marks of Oaktree on the Criteria for Long-Term Success in Investing (video) (LINK)

Berkshire Hathaway 13F: Buys Deere; Sells Exxon (LINK)

Jack Bogle's success principles to live by [H/T Matt] (LINK)

Credit Suisse Global Investment Returns Yearbook 2015 [H/T Meb Faber] (LINK)

Andrew Haldane: Growing, fast and slow (LINK)

Andrew Smithers: Fall in US capital efficiency is linked to research spending (LINK)

I may get out of US stocks: Nobel-winner Shiller (LINK) [The 3rd edition of Irrational Exuberance was also released a few weeks ago.]
Nobel Prize-winning economist Robert Shiller told CNBC on Wednesday he's thinking about shifting his personal money away from U.S. stocks. 
The Yale University professor said on "Squawk Box" he has about half his portfolio in stocks. "I'm thinking about getting out of the United States somewhat. Europe is so much cheaper." 
Citing moves he's already made, Shiller said, "What I have done is I've invested in Italy indexes, Spain index."
I posted some great quotes from Peter Bernstein on Twitter (HERE) from his 2004 conversation with Jason Zweig.

Some book recommendations from James Altucher's interview with Maria Popova: