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You can see the tech world shifting

Microsoft is making massive cuts.

Amazon Cloud is booming at an amazing pace.

The Latest Trend in Merger & Acquisitions Deals – Spinversions

You spin off a business unit, merge it with a foreign company in a low tax domicile, and give the shares to your shareholders. Voila. Lower corporate taxes.

However, I doubt this particular form of inversion will become widespread because it chops companies up. Most CEO’s are trying to build their empires, not chop them into pieces managed by other people.

Nice to see payday lenders finally getting some regulation in Texas

ACE to pay $10 million under settlement with the federal government.

Protecting Assets From Lawsuits

Here is a good overview from the WSJ. Note that the Tenancy by the Entirety idea is not applicable in Texas.

Retirement Accounts Invested In Your Employer’s Stock Are Bad News

ESOP’s are commonly invested the company’s stock. But you do have an option to buy the Vanguard S&P 500 mutual fund (or other broad, low cost, index fund) instead. Do it. Diversify, diversify, diversify. The results of concentrating ownership are often tragic.

The One Possible Exception To Index Funds

I’m generally skeptical of managed funds, but Dimensional is an exception. Their approach makes sense, is battle tested, and doesn’t rely on the luck of "star" stock pickers. It’s almost like a simplified, low risk hedge fund delivered through a mutual fund with very low fees.

Final rules from SEC and CFTC on family offices and swaps

These new rules are required by Dodd Frank. Wow, that took a while.

Shocking Stat

In 1982, if you had $75MM, you would have been one of the 400 wealthiest people in the U.S. My, how times have changed.

Lawyers arguing over definition of “photocopier”

This is hilarious.