Flying Cars and Designing for the Rich

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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Rally looks like it may hit a wall today; power through with our artisanal morning train reads:

  • REIT Surprise: Real-estate investment trusts are the best-performing asset class in the market in the past 15 years, crushing stock pickers (Wall Street Journal)
  • Consultant: Hedge Funds "Integral" to Corporate Pensions (Chief Investment Officer); see also Institutional Investors are Delusional (Meb Faber)
  • Tax Data Show Job Market Is Getting Better, Not Worse (Investor's Business Daily)
  • Mount Investmore, Part I (bps and pieces)
  • Calculator Shows Effect of Stock Valuation in Predicting Stock Returns (Passion Saving); see also Shiller Showed That Valuations Matter, the Return Predictor Shows How Much They Matter (ValueWalk)
  • Ivy Zelman: Housing Hazards and Opportunities (Barron’s)
  • The app boom is over (Recode); see also The future of Apple’s App Store is subscriptions (The Verge)
  • Welcome to Larry Page’s Secret Flying-Car Factories (Bloomberg)
  • Design for the One Percent: Contemporary architecture is more interested in mega projects for elites than improving ordinary people’s lives. (Jacobin)

What are you reading?

While You Were Worrying …

 

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