1) An article from Overcoming Bias on the biases involved in investing. Money quotes:
Basically, the totally rational investor won't count what he can't quantify, but much of the value in investing, or entrepreneurship, comes from an option value that is impossible to quantify. I know someone who built a product based on an optimization routine for superior investment strategy—the flagship idea failed, it never had a chance, but his system is now a popular risk management tool.
2) Venture capitalist Fred Wilson discusses the potential Yahoo and Microsoft merger. He calls it the "soap opera drama that won't go away." Indeed.
3) A new form of performance evaluation, using "matching" stocks to account for the fact that many of the stocks chosen by investors are not as large-cap as the S&P.
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