Drones, Paul McCartney and Conquering Fear

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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Pour yourself a shot of Italian Roast expresso, settle into your favorite couch, and enjoy our longer form weekend reads:

  • Index Investing Makes Markets and Economies More Efficient (Philosophical Economics)
  • The high cost of high expected returns (The Thought Factory)
  • After three weeks in China, it’s clear Beijing is Silicon Valley’s only true competitor (Recode)
  • 4 Men with 4 Very Different Incomes Open Up About the Lives They Can Afford (Esquiresee also The Average 29-Year-Old (The Atlantic)
  • The Cure For Fear: Scientists have discovered a new way to treat our most traumatic memories (New Republic)
  • I Saw Trump’s Tax Returns. You Should, Too. (BloombergViewsee also Will a President Trump Still Be the King of Debt? (BloombergView)
  • Meet The New Mavericks: An Inside Look At America’s Drone Training Program (Fast Company)
  • Is Big Data Taking Us Closer to the Deeper Questions in Artificial Intelligence? (Edge)
  • Why America Can’t Quit the Drug War: After 45 years, more than $1 trillion wasted, and the creation of the world’s largest prison system, America still lacks the political will to change its failed drug policy (Rolling Stone)
  • Long Play: The charmed lives of Paul McCartney and his Magnificent Melodic Gift (New Yorker)

Be sure to check out our Masters in Business interview this weekend with  Robert Frank, a professor at Cornell's Johnson Graduate School of Management and the author of Success and Luck: Good Fortune and the Myth of Meritocracy.

The Lure of Hedge Funds for U.S. Pensions

Source: Reuters

 

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:
Susan Warren at susanwarren@bloomberg.net