News Roundup

Ritholtz's Reads: Corporations Hoard Trillions

Here are your morning reads.

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 (WSJbut see How Wall Street Finds New Ways to Sell Old, Opaque Products to Retail Investors (Bloomberg)

Why Are Corporations Hoarding Trillions? (NYT)

The Psychology of a Sell-Off (CIOsee also Howard Marks, On the Couch (OakTree Capital)

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)

Seven ways technology has changed us (FTsee also How To Break the Information Age Trance of ‘Continuous Partial Attention’ (Vice)

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)

Be sure to check our Masters in Business interview this weekend with Dan Biederman of Bryant Park Corp. and Biederman Ventures. 

Hauling It In

ETFs

Source: Bloomberg

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