David Cameron, Harvard and Lip Syncing

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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Heckuva week! Finish it strong with our morning train reads:

  • First Obama, Now Cameron Speaks Out on Fund Fees (Evidence-Based Investor), see also David Cameron takes aim at fund managers’ hidden charges (FT)
  • The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed (Times of Israel)
  • Apple and the Terrible, Horrible, No Good, Very Bad Drop in iPhone Sales (Daring Fireball)
  • Larry Summers Is Wrong. Harvard Should Be Spending Much, Much More of Its Money. (Fusion)
  • Did Your Financial Advisor Find His Job on Craigslist? (A Teachable Moment)
  • Where Did the Government Jobs Go? (NYT Magazine)
  • Alphabet’s Next Big Thing: Building a ‘Smart’ City (WSJ)
  • With Dubsmash, Lip Syncing Like the Stars (NYT)
  • It’s Trump’s Nomination To Lose* (*Well, at least if he wins Indiana.) (FiveThirtyEight), see also Why Donald Trump Is Probably Two States From Victory (Upshot)
  • Headline of the day: Carly Fiorina signs up to another doomed merger (Reuters)

Be sure to check out our Masters in Business interview this weekend with Kelly Coffey, chief executive officer of JPMorgan U.S. Private Bank, with more than $650 billion in client assets.

Corporate Profits Set to Decline Again

Source: WSJ

(Corrects second paragraph, which said JPMorgan U.S. Private Bank manages more than $650 billion in client assets. That figure is the U.S. Private Bank's total client assets, not assets under management.)

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 Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
Zara Kessler at zkessler@bloomberg.net