Lies, Rallies, Hacking and Drone Warfare

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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My Tuesday morning train reads:

  • Can it be rational to overweight very unlikely events? Why this behavioral bias might actually be a canny evolutionary strategy (American Economic Association)
  • New Online 401(k) Plans Disrupt Retirement Market (Wall Street Journal); see also Why Your 401(k) Is Not Safe At Home (WSJ)
  • Tech Companies Are Dominating the Stock Market as Never Before (Slate)
  • Gold’s $50 Billion M&A Spree Builds as Rally Boosts Values (Bloomberg); see also Gold ETFs Won’t Lose Their Luster This Year (Barron’s)
  • Lies Investors Believe (A Teachable Moment)
  • This Is Your Life, Brought to You by Private Equity (New York Times); see also Who Really Runs Your City? Privatization of Municipal Services Often Means Selling Off Democracy (Talking Points Memo)
  • Are voting machines the next target of Russian hacking? One security expert thinks so. (Recode)
  • That Crime Wave You’re Hearing About? Try to Find It (Bloomberg View); see also Soaring Crime, Bad Loans and Misleading Numbers (Bloomberg View)
  • Hugh Gusterson recommends the best books on Drone Warfare (Five Books)
  • Khan confrontation keys in on human decency -- and that could haunt Trump (Washington Post); see also "Have You No Sense of Decency, Mr. Trump?" Why the GOP nominee’s criticism of a Gold Star family could be a McCarthy-like turning point. (Politico)

What are you reading?

Did Clinton get a post-convention bump?

Source: CBS News

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