Ritholtz's Reads: Let’s Be Honest About Gold: It’s a Pet Rock

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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So much for a slow, quiet summer! Start your week right with our expertly crafted morning train reads:

• Let’s Be Honest About Gold: It’s a Pet Rock (MoneyBeatsee also Gold Plunges to Lowest Since 2010 (Bloomberg

• High Conviction Buybacks (investorfieldguide

• Cheap Oil Should Fuel Economy at Last: Drop in oil prices has not yet helped the economy. The benefits should start rolling in now. (WSJ

• What is so great about Warren Buffett? (Quora

• Interpreting information in China’s stock markets (Michael Pettis

• Google’s Hal Varian On Where All The Productivity Has Gone (Forbessee also 7 Reasons Google Exploded (TRB

• Bidding Wars Return to Home Market: Battles prompted by too few homes offered for sale (WSJ

• Barack Obama’s lame-duck period could be one of the least lame ever (Quartz

• 6 surprising things the government spends way more on than the Pluto mission (Vox

• How Does Tesla’s ‘Ludicrous Mode’ Stack Up Against Bugatti, Lamborghini? (Bloomberg

What are you reading? 

Investors Get Caught in Oil’s Slippery Wake

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

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

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net