Financial Markets and Economy
Taking Intelligent Risks: How To Stay In The Trading Game (Trader Feed)
You have to risk money to make money. You have to make sure you don't risk so much money that you can lose your stake and go out of business as a trader. Bet too little and you never make a good return on your capital. Bet too much and you court career risks. So much of trading success boils down to taking intelligent risks.
Here is a useful calculation tool that can tell you the probability of hitting a drawdown threshold.
Private equity has generated dozens of billionaires — but these firms seem to do it best (Business Insider)
Forbes' Richest Americans list showcases dozens of private equity execs who have made billions doing leveraged buyouts.
But six men from two private equity firms share one common distinction.
Brace for worst year on Wall Street since 2008 (CNN)
The bull market on Wall Street has run into a wall of alarming news: turbulence in China, vague Federal Reserve policy, a crash in oil prices, and a slowdown in earnings growth.
Those shockwaves have wiped out 6% of the value from the S&P 500 so far this year.
Glencore had a crazy week — here's what analysts made of it (Business Insider)
Commodities trading and mining business Glencore has seen its share price destroyed over the last week, falling 29% on Monday alone.
Investors are worrying how the company will deal with its huge net debt pile, worth $30 billion (£20 million), as copper prices fall. Glencore is not especially profitable.
Subaru Forester: Unglamorous, but one of the market’s best cars (Market Watch)
The Subaru Forester has never had much of a beach body. In the first moments of gazing at our test car, a 2016 Forester 2.5i Premium, you may marvel at how they have managed to wrap all that interesting technology — Subaru’s inimitable front-mounted, horizontally opposed four-cylinder engine with permanent all-wheel drive — in all that frump. Oh, honey. You’re not going to the prom in that?
The Fed nailed it (Business Insider)
The Federal Reserve must be relieved.
In September, the Federal Open Markets Committee, the Fed's policy setting arm, decided not to raise its benchmark rate, which has been near zero for seven years.
Pacific Rim nations close in on a landmark trade deal (Business Insider)
Pacific trade ministers are optimistic of closing a sweeping Pacific Rim trade deal after progress on Friday on hurdles involving autos, dairy products and intellectual property protections for expensive biologic drugs.
Politics
Gay Gala Offers Pulpits for Two Favorites in Joe Biden and Hillary Clinton (Bloomberg)
As Joe Biden nears a decision on whether to seek the White House in 2016, gay rights advocates got a side-by-side look on Saturday of the would-be candidate and the front-runner in the Democratic race, Hillary Clinton.
Obama Blasts Russia Over Syria Strikes (Wall Street Journal)
President Barack Obama excoriated Russian President Vladimir Putinfor his military approach in Syria, saying he was pursuing “a recipe for disaster” that would result in a quagmire of sectarian violence, while also rejecting calls for deeper U.S. intervention in the conflict.
Technology
A sneak peek at Apple’s new “spaceship” campus in Sunnyvale (Quartz)
Apple has reportedly inked a deal to build a massive second spaceship-like campus in Silicon Valley.
The 18-acre Central & Wolfe campus—so named because of the roads that border it in Sunnyvale—contains 770,000 square feet of potential office space. Though the deal has not been confirmed, the Silicon Valley Business Journal reports the transaction has been completed. It’s likely Apple has leased, not purchased, the property, and it’s still unclear when construction will begin.
Daimler tests self-driving truck on German highway (Phys)
German automaker Daimler said it trialled a self-driving truck under real traffic conditions for the first time Friday, on a motorway in southern Germany.
The truck has smart systems including radars, cameras and active speed regulators and works without a human driver—although one has to be in the driver's seat and take the wheel if necessary.
Health and Life Sciences
Asthma steroids 'could stunt growth' (BBC)
The study of 12,000 Finnish infants found that, on average, those who used inhaled corticosteroids (ICS) long-term showed signs of stunted growth.
Previous research has suggested a link with growth suppression.
Life on the Home Planet
Nearly complete mammoth skeleton found on Michigan soy farm (Mashable)
Scientists excavated a nearly complete mammoth skeleton in Michigan, discovered by a soybean farmer on his land.
According to the Washington Post, farmer James Bristle of Chelsea, Michigan, was digging in his soybean field when he thought he discovered a completely buried fence post. That turned out to be one of the mammoth's ribs.
U.S. Airstrike Kills Aid Group Workers in Afghanistan Hospital (Bloomberg)
U.S. forces carrying out airstrikes in support of Afghan troops fighting the Taliban apparently struck a hospital run by Doctors Without Borders in the city of Kunduz, killing at least nine people, all aid workers, and wounding dozens.
