Confidence vs. Reality, Vanguard vs. BlackRock, Senate vs. Trump

(Bloomberg Opinion) -- Your two-for-Tuesday morning train reads:

  • Vanguard Nips at BlackRock’s Heels for Fund Crown (Financial Timessee also 5 Traits Of Successful Thematic ETFs (ETF.com)
  • Dear Investor, That Cocky Voice in Your Head Is Wrong (Wall Street Journal)
  • As Sears Withers, Its Former Stores Fuel a New Fortune (New York Timessee also Sears Closing 46 More Stores (Wall Street Journal)
  • An Inside Look at CalPERS’s New Direct Private Equity Organization (CIO)
  • Life-Threatening Heart Attack Leaves (Fully Insured) Teacher With $108,951 Bill (NPRsee also Unpaid Claims for Those Medical Emergencies Create More Trauma (Business Live)
  • Maersk Containership Loads World Record 19,038 TEUs in Malaysia (Climateer Investing)
  • Here’s How Facebook Is Trying to Moderate Its Two Billion Users (Vicebut see The Flourishing Business of Fake YouTube Views (New York Times)
  • It Would Only Take a Single Senator: With Republicans clinging to a precarious 50–49 majority, every individual GOP senator can serve as a check on Trump’s excesses whenever they choose to act (The Atlantic)
  • The Race to Build a Wind Behemoth (Wall Street Journalsee also The Next Major Innovation in Batteries Might Be Here (Quartz)
  • For each set of 100,000 people who have one drink a day per year, 918 can expect to experience one of the 23 alcohol-related problems in any year. Of those who drink nothing, 914 can expect to experience a problem (Upshot)

What are you reading?

Nasdaq Hits Record as It Passes 8,000 Mark

Confidence vs. Reality, Vanguard vs. BlackRock, Senate vs. Trump

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

Barry Ritholtz is a Bloomberg Opinion columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He is the author of “Bailout Nation.”

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