My late morning reads:

• Jeremy Grantham's Bullish Two-Year Outlook (Barron's), see also The EM flow turnaround (FT Alphaville)

• Smart-Beta Risks Not Clear Enough (Index Universe)

• Junk Glistens Under 'Bernankecare' as Worst Stocks Win (Bloomberg), see also In Japan, there is no worry that the central bank is about to pull back the punch bowl (WSJ)

• The Luck Factor in Great Decisions (Harvard Business Review)

• Fairfax Financial vs Berkshire Hathaway (Investing For a Living)

• Why no public fury over austerity? (Mainly Macro), see also Do Negative Rates Call For a Permanent Expansion of the Government? (Next New Deal)

• Big Ethanol Finally Loses (WSJ)

• Unaccountable: The Pentagon's bad bookkeeping (Reuters)

• We Owe the Beatles to Luck (Bloomberg)

• What if U.S. Football teams were presented as European (Soccer) Football (Football as Football)

What are you reading?


Source: FT Alphaville

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To contact the author on this story:
Barry L Ritholtz at