Ritholtz's Reads: The Herd Mentality Will Never Die

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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Welcome back to the workweek. Let’s kick it off right with our expertly curated morning train reads: 

  • U.S. Money Managers Turn Cautious, Reining in Their Optimism Since the Fall (Barron’sbut see Why This Old Bull Market May Not Be Ready to Die (MoneyBeat)
  •  The Remarkable Life -- and Investing Lessons -- of Ronald Read (Washington Post)
  •  Three Valuable Lessons From the Nasdaq Bubble (Pragmatic Capitalismsee also Nasdaq Record Reflects Markets Stuck in Time Warp: Highs reinforce the lesson that valuation is a poor guide to short-term moves (FT)
  •  The Timeless Nature of the Herd Mentality (A Wealth of Common Sense)
  •  Is Obama the Most Deflationary Force in America Right Now? (Reformed Broker)
  •  The Death of Cash: Could negative interest rates create an existential crisis for money itself? (Bloomberg)
  •  Drone Revolution Hits the High Seas (Fortune)
  •  Migrant Boat Crisis: The story of the Greek hero on the beach (Guardian)
  •  Will Florida’s Coastal Economy Adapt to Rising Sea Levels? (Quartz)
  •  Astronomers Just Detected Light Bouncing Off an Exoplanet. Here’s Why That’s So Exciting. (Vox)

 What are you reading?

Correlations Affect Hedge Fund Managers Performance 

Source: Chief Investment Officer

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