Ritholtz's Reads: Passive Funds Are Taking Over

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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Get ready for today’s mess with our hand-curated morning train reads:

Investors Snub Money Managers for Indices: Passively managed U.S. funds attracted $413.8 billion, while active managers lost $207.3 billion in 2015 (WSJ)

“Ground Control to Major Doom” (Alan Steel)see also Why Doom and Gloom Has Taken Over Wall Street (Fortune)

Are Commodities a Necessary Portfolio Component? (Reformed Broker)

After Two Years of Upheaval, PIMCO’s Path to Recovery (CIO)

Scientists move one step closer to turning water into hydrogen fuel, affordably (CS Monitor)

A Towering Chinese Debt Mountain Looms Behind Market Gyrations (Bloomberg)

“Night Shift” Could Be iOS’s Most Important UX Improvement In Years (FastCo Designsee also The Two Apples (Above Avalon)

Why Parallels Between Netflix and Amazon Should Worry Media Titans (NYT)

The Good News on Global Warming: We’ve Delayed the Next Ice Age (Bloombergsee also How Sensitive Is Global Warming to Carbon Dioxide? (Slate)

A Classic Psychology Study Explains Why Winning the Lottery Wasn’t Going to Make You Happier Anyway (New York Magazine)

What are you reading?

It Was Just Resting

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