Finance Trickery and Bogus Bonuses

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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Long weekend is here at last! Head to the beach with some sunscreen and our morning train reads:

  • By this metric, bonds have never been more valuable (Vanguard)
  • It’s Not the Economy, Stupid (The Wall Street Journal); see also Here’s one really obvious way to boost the US economy (Quartz)
  • How The Finance Industry Tricks You (A Wealth of Common Sense)
  • The bogus basis for boss bonuses (Wall Street Journal)
  • How the Constant Threat of War Shaped Israel’s Tech (Bloomberg)
  • The World’s Biggest Industry Just Got Served: The FDA’s new food labels catch up to reality  --  and will drive the biggest shift the industry has seen in recent history (Medium)
  • Why does Donald Trump’s no-expense-spared, world-class properties keep turning into huge losers when it’s time to report their value to the IRS? (Daily Beast); see also Bookings at Trump Hotels Plummet (Priceonomics)
  • This Is What the Future of American Politics Looks Like (Politico)
  • Why Snapchat’s Influencer Economy Runs on Hot Tubs, Selfies, and Whey Protein (Businessweek)
  • South Africa, One Nation United by the Grill (New York Times)

Be sure to check out our Masters in Business interview this weekend with Burton Malkiel, author of "A Random Walk Down Wall Street" and a professor at Princeton.

Boring Is Beautiful

Source: Bloomberg

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