---
title: "Weekend Reading"
url: https://independentstockanalysis.com/weekend-reading/
description: "Bill Gross at Pimco : “The cult of equity is dying.” Sounds like something a guru would say as equity markets navigate the second half of a secular bear…"
published: 2012-08-04
updated: 2012-08-04
---

# Weekend Reading

Published 2012-08-04

Posted on

by

J.J. Butler

Bill Gross at [Pimco](http://www.pimco.com/EN/insights/pages/cult-figures.aspx#): “The cult of equity is dying.” Sounds like something a guru would say as equity markets navigate the second half of a secular bear market. Meanwhile, Asian Millionaires Take Charge of Own Wealth in a interesting piece at [Bloomberg](http://www.bloomberg.com/news/2012-07-31/asian-millionaires-firing-bankers-take-control-of-wealth.html). Add another hedge fund titan scaling back in today’s markets ([NY Times](http://dealbook.nytimes.com/2012/08/01/hedge-fund-titan-plans-to-return-2-billion-to-investors/)).

Grantham on resources, particularly food: [GMO](http://www.gmo.com/websitecontent/GMOQ2Letter.pdf). Remember when Molycorp (MCP) was a high flyer? [Mining](http://www.mining.com/molycorp-in-freefall-as-falling-cash-flow-forces-it-to-find-new-financing-46393/)

Days Supply of Global Grains Stocks 1960-2012 from [Gregor](http://gregor.us/food/days-supply-of-global-grains-stocks-1960-2012/). Seasonal drought outlook: [Mays Report](http://maysreport.com/2012/08/02/seasonal-drought-outlook-shows-dryness-drought-intensifying/).

Rail Traffic Pushes To Year’s Highest Level at [Value Plays](http://www.valueplays.net/2012/08/02/rail-traffic-pushes-to-years-highest-level/). Rail and port securities should be derivative play on our coal rebound discussion.

Excesses of the “housing boom” have been largely eliminated at [Sober Look](http://soberlook.com/2012/08/db-excesses-of-housing-boom-have-been.html).

Career advise for a young man: [ChessNwine](http://ibankcoin.com/chessnwine/2012/07/28/the-art-of-the-hustler/). Yet Americans spend more than 100,000 years a month on [facebook](http://www.litmanlive.me/time-is-money-social-network-usage-in-the-us?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+litmanliveposterous+%28litmanlive%27s+posterous%29).

Non-farm payrolls at [Chart of the Day](http://www.chartoftheday.com/20120803.htm?T). Bond topping process at [Image Shack](http://imageshack.us/photo/my-images/442/hygc.jpg/).