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Penn Davis McFarland

What We’re Reading – Week of 11/21/2014

Below you will find the articles on economics, investing, and finance that we found most interesting for the week.

NB: ($) denotes subscription site.

 

Shale gas in Poland has a slow start.

Article via Financial Times ($)

 

Apps are a double edged sword.  You get great functionality, but you lose the true openness of the web.

Article via Wall Street Journal ($)

 

Chasing momentum returns leads to predictable crashes according to a new research paper. They have data supporting this view from the 1850s onward.

Research Paper via SSRN

 

Obesity is a top 3 “social burden” generated by humans according to McKinsey at a cost of $2.0 trillion per year to global GDP.  Only smoking and armed violence cost more annually.

Obesity Study by McKinsey

 

Interesting speech by noted value investor Bob Rodriguez from First Pacific Advisors.  It’s time to focus on return of principal as opposed to return on principal.

Speech given to the CFA Society of Nevada