Ritholtz's Reads: Buybacks Feed Investors, Starve Innovation

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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Pour yourself a tall mug of dark brew, and settle in for our longer form weekend reads:

• Corporate America’s buyback binge feeds investors, starves innovation (Reuters

• Two Centuries of Momentum (Newfound Research

• Fannie Mae, Freddie Mac: Did Uncle Sam nationalize housing financers? (Fortune

• Here’s What Happens When a 27-Year-Old Finance Journalist Tries to Manage Money (Chief Investment Officer

• Why China Will Not Dominate the 21st Century (CFA Institute

• Is great philosophy, by its nature, difficult and obscure? (Aeon

• Barack Obama, Lawyer-in-Chief (Politicosee also Bill Simmons Interviews President Obama, GQ’s 2015 Man of the Year (GQ

• The Statistical Dominance of Dr. Seuss (Priceonomics

• The Lowdown on the Lowline, the World’s First Underground Park (Atlas Obscura

• What ISIS Really Wants: The Islamic State is no mere collection of psychopaths. It is a religious group with carefully considered beliefs, among them that it is a key agent of the coming apocalypse. Here’s what that means for its strategy—and for how to stop it. (The Atlantic

Vanguard’s Ins and Outs 

Source: WSJ

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

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

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