Wall Street Weed, FAANG and Robo Advisers

(Bloomberg View) -- My midweek morning train reads:

  • Wall Street’s Invasion of the Legal Weed Market (Institutional Investor)
  • FAANG SCHMAANG: Don’t blame the overvaluation of the S&P solely on information technology (GMO)
  • No end in sight for passive boom, says investing pioneer (Financial Times)
  • Economics isn’t a bogus science — we just don’t use it correctly (LA Times)
  • Tax-bill blues (Vicesee also A Gift From Republicans to All Those LLCs and LPs (Bloomberg View)
  • Should Retirees Use Robo Advisers? (Wall Street Journal)
  • LA’s New Hype King Has Cracked How Millennials Spend (Bloomberg Businessweek)
  • Donald Trump says something that isn’t true 5.5 times a day. Every day. (CNN Politics)
  • When will the Earth try to kill us again? (Ars Technica)
  • Two Stars Slammed Into Each Other And Solved Half Of Astronomy’s Problems. What Comes Next? (FiveThirtyEightsee also The star that blew up a little … then blew up a lot (Syfy Wire)

What are you reading?

Alibaba’s Billionaires

Wall Street Weed, FAANG and Robo Advisers

Source: Bloomberg

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”

To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.net.

For more columns from Bloomberg View, visit http://www.bloomberg.com/view.

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