The Takeaway: What if these are the good old days?

Portfolio

Google exemplifies why PE ratios are irrelevant for early-stage growth companies.  (Ivanhoff)

Art Cashin: The market has closed up 18 Tuesdays in a row.  Don’t make a big deal about it though.  (Business Insider)

What if these are the good old days?  (The Reformed Broker)

Jesse Eisinger: What if the Fed-hating hedge fund managers are right?  (DealBook)

The Biz

Philip Palaveev on why adviser benchmarking is important.  (Investment News)

Why Jamie Dimon is so indispensable to JPMorgan Chase.  (BusinessWeek)

Five everyday leadership traits of elite advisers  (WealthManagement)

Being bearish and wrong is almost unforgivable when managing other peoples money.  (The Big Picture)

Merrill broker caught plagiarizing his own firm’s research reports. Wait – what?  (Broke and Broker)

Outliers

Muppet Product of the Week: How about a “sound money” ETF, actively managed currencies. For 65 basis points. (IndexUniverse)

***

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.