Disruption, Big Bangs, Statistics and Rage

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

We have an official Republican presidential nominee -- and the world’s best morning train reads:

  • Dollar Shave Club and the Disruption of Everything (Stratechery)
  • We’ve Just Witnessed One of the Least Volatile Economic Recoveries on Record (A Wealth of Common Sense); see also A Little-Noticed Kink in Smart-Beta ETFs Might Blindside Buyers (Bloomberg)
  • Microsoft’s Bing Isn’t a Joke Anymore (Bloomberg Gadfly)
  • It’s Not a Housing Bubble, It’s Just Expensive (Bloomberg)
  • You can make statistics say whatever you want (Speculative Investor); see also Why Does Crime Feel Exponentially Higher, When It’s Materially Lower? (EconomPic Data)
  • Wolf: Global elites must heed the warning of populist rage (Financial Times)
  • Can Israeli-type security measures work at LAX and other U.S. airports? (LA Times)
  • Donald Trump’s Ghostwriter Tells All: “The Art of the Deal” made America see Trump as a charmer with an unfailing knack for business. Tony Schwartz created that myth -- and now regrets it. (New Yorker)
  • Live, From Cleveland! Late-Night Comics Stake Their Turf at Conventions (New York Times)
  • Big Bang from a Big Bounce: Our universe formed after another collapsed in on itself (International Business Times); see also Scientists create vast 3-D map of universe, validate Einstein’s theories (Christian Science Monitor)

What are you reading?

European Hedge Funds in Turmoil

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