Black Swans, Money Monsters and Winners

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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Welcome to the monkey house, and our morning train reads:

  • Was That A Bear Market And Is It Over? (Irrelevant Investor)
  • This Is Not A Drill. This Is The Real Thing. (Tim Duy’s Fed Watch)
  • Consistently Successful Active Managers Are "Rarer Than Rare" (McLean)
  • Byron Wien: What’s Ahead for the Markets (Barron’s)
  • Decrying protectionism, GE’s Immelt makes “bold pivot” in strategy (Fortune)
  • From Modern Trader: Stephen Curry is a Black Swan (FINalternatives)
  • Are You Successful? If So, You’ve Already Won the Lottery (The Upshot), but see Money Doesn’t Buy as Long a Life as It Used To (Bloomberg View)
  • Knowledge Doubling Every 12 Months, Soon to be Every 12 Hours (Industry Tap)
  • The TSA is a waste of money that doesn’t save lives and might actually cost them (Vox)
  • "Money Monster" Is Wish Fulfillment for Anyone Burned by the Economic Crash. It Doesn’t Go Far Enough. (Slate)

Be sure to check out our Masters in Business interview with Jeff deGraaf of Renaissance Macro.

Investors Check Out of Europe

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:
Brooke Sample at bsample1@bloomberg.net