(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)
Just Like That, a Bad Year for Buybacks Becomes a Good One
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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.”
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