Below you will find the articles on economics, investing, and finance that we found most interesting for the week.
NB: ($) denotes subscription site.
The cupcake shop fad has crumbled. Crumbs Bake Shop (the only publicly traded cupcake shop chain) will file for bankruptcy.
Bloomberg has a very interesting profile of the Artist Pension Trust. It seems hard to believe that this will be a sustainable model long term, but it does make one ponder how artists can better capture the value they create. This system has a better chance of working than Social Security/Medicare as they are structured today.
The fees add up for private equity investors.
Howard Marks says you can’t follow the herd to superior investment performance in his latest memo “Dare to Be Great II”