Bitcoin Whales, Amazon Deals and Starbucks Myths

(Bloomberg View) -- My back-to-work-after-the-first-snowstorm-of-the-season morning train reads:

  • A stunning new study shows that Fox News is more powerful than we ever imagined (Vox)
  • Index Funds Rule the World, But Should They Rule You? (MoneyBeat)
  • Benoit Mandelbrot’s Ideas About Investing and Markets (Made as Simple as Possible, But Not Simpler). (25iq)
  • The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market (Bloomberg Businessweek)
  • Tax Changes Are Coming Next Year, But You Can Plan for Them Now (New York Times); see also Must-have tools and tips for year-end retirement planning (USA Today)
  • How Amazon Picks Its Seemingly Random Deals of the Day (Wall Street Journal)
  • Five myths about Starbucks (Washington Post)
  • The Bad Product Fallacy: Don’t confuse “I don’t like it” with “That’s a bad product and it’ll fail” (Andrew Chen)
  • No Deal: How Secret Talks With Russia to Prevent Election Meddling Collapsed (BuzzFeed)
  • 52 things I learned in 2017 (Medium)

Be sure to check out our Masters in Business interview with Ray Dalio of Bridgewater Associates, the world’s largest hedge fund, and author of the New York Times bestseller "Principles: Life and Work."

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Bitcoin Whales, Amazon Deals and Starbucks Myths

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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

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