Hedge Funds, Millennials and Warren Buffett

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! It's our two-for-Tuesday morning train reads:

  • How Americans Blow $1.7 Trillion in Retirement Savings (Bloomberg)
  • Sweet little lies: How to read between the lines of companies’ accounts (Economist), see also Valeant May Be Tip of Accounting Iceberg (Bloomberg Gadfly)
  • Puerto Rico’s debt crisis, explained (Vox)
  • Activists Have Declared War on Hedge Funds — and They Might Be Winning (New York), see also Hedge Funds Under Attack as Cohen Says Skilled People Are Scarce (Bloomberg) 
  • The Dollar is Weakening: Commodity Bulls Rejoice (Barron’s)
  • Millennials love clean energy, fear climate change, and don’t vote. This campaign wants to change that. (Vox), see also Baby Boomers, Just Eclipsed by Millennials, Will Soon Be No. 3 (Real Time Economics)
  • Warren Buffett’s Epic Rant Against Wall Street (MoneyBeat)
  • Bernie’s Failed Revolution (Politico), see also Insiders: Clinton would crush Trump in November (Politico)
  • When gadgets were king (Verge)
  • The inexplicable and relentless rise of cancer-drug prices (Wonkblog), see also The Secret Culprit in the Theranos Mess (Vanity Fair)

What are you reading?

How share repurchases boost earnings without improving returns

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