Ritholtz's Reads: 401(k)s Are Horribly Flawed

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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Happy July Fourth. Pour yourself a tall glass of iced coffee, and settle in for our longer form weekend reads:

  • American Failure: The 401(k) is hailed as the future, but it’s horribly flawed. A select few firms are trying to change that. (Chief Investment Officer)
  • This Is How Uber Takes Over a City (Bloomberg)
  • The Surprisingly Imperfect Science of DNA Testing (Frontline)
  • U.S. Chamber of Commerce Works Globally to Fight Antismoking Measures (NYTsee also “The poor, the young, the black and the stupid”: Inside Big Tobacco’s plans to kill a billion people (Pando Daily)
  • 5 Days That Left a Confederate Flag Wavering, and Likely to Fall (NY Times)
  • Silicon Valley High: Going to the same high school as Steve Jobs and liking it are two different things. (Morning Newssee also Does Silicon Valley Have a Contract-Worker Problem? (NY Mag)
  • Who, What, Where, When, Weird: How oddball items came to dominate the news business, and became normal in the process. (Pacific Standard)
  • London: the city that ate itself: The things that make it special -- the markets, pubs, high streets and communities -- are becoming unrecognizable (The Guardiansee also Why I’m leaving London (BoingBoing)
  • The Father-Son Feud that Built an Empire of Food: How a great culinary institution was born. (Narratively)
  • Humanity’s Most Problematic Attempts to Get All the Water (Nautilussee also Rich Californians balk at limits: ‘We’re not all equal when it comes to water’ (Washington Post)

Be sure to check out our Masters in Business interview this weekend with Omega Advisor’s Leon Cooperman.

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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:
Cameron Abadi at cabadi2@bloomberg.net