Below you will find the articles on economics, investing, and finance that we found most interesting for the week.
NB: ($) denotes subscription site.
Liberty Media and Microsoft both invested in Barnes & Noble over the same time period. One got a 20% return, one didn’t. Capital allocation really matters. Liberty seems to know it. Microsoft…
Article via Financial Times ($)
Larry Summers suggests public faith in institutions is being degraded by crumbling infrastructure.
Article via Financial Times ($)
If German courts institute taxes on business inheritance, will it ruin the Mittelstand?
Article via Wall Street Journal ($)
Cliff Asness has an interesting piece about how long-term theory that makes sense sometimes takes a long time to show up in the data. The best quote is this: “Five years is not a very long time. You see crazy things over five years. Of course, it often feels like a lifetime to actually live through it.”
Quip is trying to disrupt the cozy dominance of Microsoft Office for productivity in the age of tablets and smartphones.
