Free Trips, Tech Booms and Good Oysters

(Bloomberg View) -- My morning train reads:

  • Bitcoin is really worth somewhere between $20 and $800,000, according to economic theory and a night of drinking (Bloomberg)
  • From Hawaii to Italy, free trips fuel retirement savings sales push (Politico)
  • 7 Secrets of Warren Buffett’s Success (Safal Niveshak)
  • Americans who complain about rising gas costs should get some perspective (Quartz); see also Iceland Takes Hard Look at Tech Boom Sparked by Its Cheap, Bountiful Power (Wall Street Journal)
  • Increased Minimum Wage’s Positive Effects Persist and Grow in Magnitude Over Several Years (Civic Skunk Works)
  • Forecasts? I Haven’t Got a Clue … (Psy-Fi Blog); see also Expiring vs. Long-Term Knowledge (Collaborative Fund)
  • The Most Important Equation in the Universe (Forbes)
  • No One’s Talking About the New Tax Law (New York Times); see also Taxes Are Hard — So Is Pronouncing New Tax Law Acronyms Like FDII (Wall Street Journal)
  • Q&A: Lawyer behind Hannity revelation at Cohen hearing speaks. (Columbia Journalism Review)
  • Looking for the Hot, New Oyster? Meet the Next Kumamotos (Bloomberg)

What are you reading?

Largest Contributors to the Budget Deficit: Tax Cuts and New Spending

Free Trips, Tech Booms and Good Oysters

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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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