Ritholtz's Reads: Bad Timing

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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It looks like a bumpy ride today as futures soften, the Yen falls and gold catches a bid. Enjoy it all with morning reads:

  •  S&P 500 Companies Spend 95% of Profits on Buybacks, Payouts (Bloomberg) see also “Each of the last six great merger waves on record ended with a precipitous decline in equity prices.” (Marketwatch)
  •  Torturing Historical Market Data (A Wealth of Common Sense)
  •  It’s Investor Behavior, Not Investment Behavior That Matters (Irrelevant Investor) see also One Risk You Can Control: Bad Timing (Morningstar)
  •  Inside Apple’s Broken Sapphire Factory (WSJ)
  •  What the Islamic State’s Currency Tells Us About the Bloody Origins of Money (Quartz)
  •  Swedroe: A Close Look At Private Equity (ETF.com)
  •  Yellen Gets That Sinking Feeling Greenspan Once Knew (Bloomberg) see also With Wary Eye on Global Tumult, Fed Opted to Stay on Policy Path for Now (WSJ)
  • The Economy Is Getting Better. So Why Are Shoppers Still Hunting for Rock-Bottom Prices? (Washington Post)
  • Whatever Happened to Overtime?  It’s one reason we’re poorer than our parents.  And Obama could fix it -- without Congress. (Politico)
  • A High-Flying Web May Catch the Beginning of Time (Scientific American)

What are you reading?

What Really Drives Market Returns?

Source: Cornerstone Macro

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor on this story:
Alex Bruns at abruns@bloomberg.net