<b>The Takeaway</b>: Retirement lies we tell ourselves

Portfolio

GMO’s expected asset class returns forecast favors the very things everyone despises right now.  (The Big Picture)

Wendy’s is innovating again, and its stock is on fire.  (BusinessWeek)

How not to make a mutual fund.  (Morningstar)

Commodities are actually amping up your volatility, not diversifying it away. Kick that UBS ETN guy out of your conference room.  (FT Alphaville)

Morgan Housel: In praise of investing simplicity.  (MotleyFool)

The Biz

The big mistakes young workers make in building and maintaining retirement portfolios.  (Morningstar)

“I’d love to use social media but my broker-dealer won’t let me.”  (Finect)

Meet Joseph Sullivan, the new CEO at Legg Mason who’s working on the turnaround.  (Working Capital)

The five big lies of retirement planning.  (Charles Schwab)

What do we all think of the new BlackRock Blog?  (BlackRock)

Undergrad finance students believe in supernatural forecasting abilities – this is why Wall Street always wins, you guys.  (Mother Jones)

Outliers

Cardiff Garcia explains why it should be Yellen, not Summers, running the Fed.  (FT Alphaville)

***

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.