<b>The Takeaway:</b> ETF wars now sawing into the bone, Gorman’s fiscal cliff war and more

PORTFOLIO

Bob Seawright: “How much diversification is enough and how much is too much?” (Above the Market)

The ETF War is finished cutting through flesh — now, it’s sawing directly into the bone. (WealthManagement)

Michael Kitces: “Are investors really buying into bonds because they’re bullish on bonds, or because they’re bearish on stocks?” (Nerd’s Eye View)

THE BIZ

James Gorman enlists his 16,000 financial advisers in a call to, well, do something regarding the fiscal cliff debate, not sure what exactly. (Bloomberg)

Financial advisers generally believe that a fiscal deal will happen before we fall off the cliff. (Financial Planning)

A Wells Notice for SAC. (DealBook)

Zachary Abraham on how to evaluate an advisory firm’s employees. (Investment News)

Saying goodbye to master of motivation Zig Ziglar, dead at 86 today. (Seth’s Blog)

OUTLIERS

Black Friday Media Hall of Shame. (The Big Picture)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.