Commuter Hell, Thought Leaders and Better Grilling

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(Bloomberg View) -- My four-day-weekend morning ain’t-on-a-train reads:

  • Why picking stocks is only slightly better than playing the lottery (MarketWatch); see also Investors Have Lost Sight of the Purpose of Indexes (Bloomberg View)
  • Meet the out-of-work (Brookings)
  • Four Problems Looming Over Historic U.S. Expansion (Real Time Economics)
  • Feel Good About the Markets? Maybe You Shouldn’t Read This (New York Times)
  • Bruce Berkowitz Seeks Return to Glory by Betting on Sears: Previous fund manager of the decade has seen his fund’s assets shrink 89% since 2011 (Wall Street Journal); see also When should you fire your mutual fund manager? (Washington Post)
  • The Rise of the Thought Leader: How the superrich have funded a new class of intellectual. (New Republic)
  • Penn Station Is New York’s Commuter Hell, and It’s About to Get Worse (Bloomberg)
  • Officials struggle to convince Trump that Russia remains a threat (CNN)
  • How Apple’s iPhone changed the world: 10 years in 10 charts (Recode)
  • Thirteen Ways to Instantly Become Better at Grilling (Bloomberg); see also Seven Things You Should Never Cook on the Grill (Bloomberg)

Be sure to check out our Masters in Business interview this weekend with Chris Anderson, former editor in chief of Wired, founder of 3D Robotics and author of "The Long Tail."

Just Like That, a Bad Year for Buybacks Becomes a Good One

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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.”

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

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