Won the Lottery? Here's Some Advice

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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The Brexit vote is here! My morning train reads:

  • Simplexity: “If you want to suppress volatility, you will suppress returns” (Irrelevant Investor); see also Two Deadly Wealth Management Assumptions (The Reformed Broker)
  • Funniest thing you will read today: Inside Trump’s Most Valuable Tower: Felons, Dictators and Girl Scouts (Bloomberg)
  • A Lottery Lawyer Explains What You Should Do if You Hit the Jackpot (Vice)
  • TV Advertising’s Surprising Strength -- And Inevitable Fall (Stratechery)
  • The Top-1% Income Club? Don’t Hate 'Em, Join 'Em! Here’s How (Investor’s Business Daily)
  • Joker in the pack: Recent attacks give a glimpse of the sort of cyber-assault that could bring the world economy to a halt. Better defences are needed (the Economist)
  • The media have reached a turning point in covering Donald Trump. He may not survive it. (Washington Post)
  • Are Solar Panels Just for Rich People? (Priceonomics)
  • How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions (New York Times); see also As its stock collapsed, Trump’s firm gave him huge bonuses and paid for his jet (Washington Post)

What are you reading?

More Wage Measures, More Wage Growth

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