Ritholtz's Reads: Corporations Hoard Trillions
My end-of-a-wild-week morning train reads:
Activists Beware: Huge Investors Debut New Long-Term Index, allocating $2 billion in index tracking shares of those with a long-term focus (WSJ) but see How Wall Street Finds New Ways to Sell Old, Opaque Products to Retail Investors (Bloomberg)
Why Are Corporations Hoarding Trillions? (NYT)
Don’t Mock the Apple Watch (Gadfly)
Generation Uphill: The millennials are the brainiest, best-educated generation ever. Yet their elders often stop them from reaching their full potential, argues Robert Guest (The Economist)
The Arctic is open for business: The World Has Discovered a $1 Trillion Ocean (Bloomberg)
To be among the wealthiest half of the world last year, an adult needed to own only $3,210 in net assets (WaPo)
Museums are keeping a ton of the world’s most famous art locked away in storage (Quartz)
Is There Another Planet Lurking in the Depths of the Outer Solar System? (Slate)
Hauling It In
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