This week The Reformed Broker ranked his top 5 financial and market blogs, listed below in "no particular order". If you are not already doing so, well worth regular reads:
1. Joe Weisenthal (Business Insider)
2. Tadas Viskanta (Abnormal Returns)
3. Cullen Roche (Pragmatic Capitalism)
4. Felix Salmon (Reuters)
5. Barry Ritholtz (The Big Picture)
I tend to agree with this list, but would but Barry Ritholz in clear first position. Would also add the venture community to at least weekly scans. Even if you're not a VC and never wish to be one, these blogs tend to dive deeper into business strategy, leadership and what makes some organizations fail and others bloom. Real Estate returns don't function anything like those of tech startups, but there are always better and faster ways to get wherever you're trying to go on a day to day basis. Feld, Graham, Wilson and Dixon have collectively seen and participated in the fortunes of thousands of companies. They speak thoughtfully and often directly to one another, sharing personal and more granular stories - applicable in entrepreneurial and institutional settings. Excellent fodder for discussion and personal improvement.
1. Brad Feld (Feld Thoughts)
2. Paul Graham
3. Fred Wilson (AVC)
4. Chris Dixon
5. A new addition to this list (added Nov 18, 2012): Dan Shipper. Dan is a junior at UPenn, and regularly loved-on by Hacker news and even other start-ups who have dedicated entire posts to fawning over/ recruiting him. Great take on business and life. This guy just likes what he does. He works hard, and he's been at it since he was 9 yrs old. Well into his 10,000 hours, so don't be put off by his age, get ready to be inspired.
What are you reading?
A link to Reformed Blogger's entire hilarious post here. Rationale for his top 5 listed below - directly from his post:
"Joe and Tadas were no-brainer choices. There's almost nothing important that escapes Tadas six days week and on the seventh day he does not rest - he posts a killer long-reads general interest linkfest of all the stuff he's saved for you. The dedication and work ethic on display at AR just blows my mind, he's like a machine that makes you a smarter investor and asks nothing in return.
As far as Joe, there's no one faster on the web as news breaks - and not just fast with the headline but with the context you need to process what's happening. He has also led the charge in the democratization of Wall Street research. You take it for granted that there's a guy ripping 20-page big firm research reports off a Bloomberg and delivering you just the filet mignon portion, cut away from the bone and fat and gristle. All day long. Anyone else offering you that for free? It's insane.
A year or so ago Cullen was still anonymously updating PragCap each day, but I'm really glad he came out of his shell because the man really deserves credit for what I consider to be some of the strongest, most high quality market writing on the web. He is immune to political influence in his outlook and unafraid to bash an economic meme into tiny bits if it offends his sensibilities. It was tough to choose between Cullen and Bill McBride at Calculated Risk for this slot, to be honest, but Cullen wins as a function of utility - Bill's blog has the intel, but Cullen's has the reasons for why that intel may or may not matter.
Choosing Felix was tough - not because he's not great (he is) - but because there are so many other journalists from the mainstream media who also blog that could be in that slot too (Mark Gongloff at HuffPo, Steven Russolillo at WSJ MarketBeat. everyone at FT Alphaville, etc). But Felix is terrific, just the right mixture of wonkiness, acerbity and skepticism. And a great nose for interesting stories and the right angles to cover them from.
As for Barry, let me simply mention that he was blogging finance before there was a such thing as a blog - in 1998, he'd spend an hour writing a post and then an hour coding it on Geocities. He gave us a running record of the dot com boom/bust. Then he blogged 9/11 from a trading desk in real-time. After that, a live accounting of the entire credit boom, credit crash and market comeback as it happened while concurrently writing the definitive book on bailouts and bank excess. How many bloggers have been through all of that over so much time (over 20,000 posts) and have remained relevant? I can't think of even one other, can you?"