<b>The Takeaway:</b> This adviser is done with Facebook — and his post about it has gone viral

Portfolio

Spiking interest rates in four insane charts.  (MoneyBeat)

Kocherlakota speaks, long story short they’re still dovish so relax already. Full text here:  (Minneapolis Fed)

Portfolio managers face the no-win scenario, our “Kobayashi Maru moment”  (The Reformed Broker)

Sorry, Freeport hasn’t bottomed yet nor have any of your other favorite global earth-movers.  (iBankCoin)

Why actively managed funds are going to screw up your attempts at portfolio diversification.  (Rick Ferri)

The Biz

Ron Rhoades: Here’s why RIAs need to keep Finra far away from our practices and our clients.  (RIA Biz)

What if we did away with the individual “retirement rowboats” of the 401(k) industry and just gave everyone the same ocean liner? And then hedge fund guys got jet skis or super-fast canoes…  (New York Times)

Adviser Tim Maurer’s viral post lists seven reasons why he’s done with Facebook and is committing to Twitter / Instagram.  (Forbes via Yahoo)

The hard part about advising engineers is that they are under the false impression that there is an “answer” for everything in the investment markets.  (Above the Market)

What FAs should know about family offices.  (Financial Planning)

Here are some of the most under-followed financial bloggers and tweeters.  (Abnormal Returns)

Outliers

Scaramucci as The Great Gatsby. Fund of Funds industry as, well, Daisy or something, I don’t know.  (CIO)

Tell your new-money, high net worth clients to refrain from doing this:  (Valley Wag)

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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.

Related Topics: Financial Planning