Microsoft Wastes Billions, Investors Buy Safety

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.”
Read More.
a | A

My Tuesday morning train reads:

  • 4 Reasons Microsoft Wasted $26.2 Billion To Buy LinkedIn (Forbes); see also How Microsoft Thinks Office Can Help LinkedIn and Vice Versa (Bloomberg)
  • The Most Pessimistic Bull Market in History: Instead of chasing growth and profits, investors this year have bought into safety (Wall Street Journal)
  • 3 Lessons From Hedge Funds’ Rise and (Partial) Fall (Morningstarbut see The Hedge Fund Apocalypse (Driehaus)
  • How Aberdeen Small Cap Fund Crushes Its Peers (Barron’s)
  • A Brief Introduction to Pro-Holocaust Twitter (the Atlantic); see also To Beat Anti-Semitic Trolls Online, Some Co-Opt Their Weapons and Mock Them (New York Times)
  • 268,000 U.S. Homeowners Regained Positive Equity in Q1 (World Property Journal)
  • Dunning-Kruger effect explains Donald Trump’s popularity (Politico); see also The 100 greatest descriptions of Donald Trump’s hair ever written (Washington Post)
  • A warning on hospital mergers: After California allowed big chains to grow, prices soared (LA Times)
  • The Cost Of The B-21 Bomber Is Secret For Security Reasons, Which Is Convenient (Foxtrot Alpha); see also How Senators Quietly Voted to Keep Bomber Costs Secret (Roll Call)
  • How False Equivalence Is Distorting the 2016 Election Coverage (The Nation)

What are you reading?

Investors Take Flight

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

To contact the editor responsible for this story:
Brooke Sample at