Getting Buffett Wrong and Why They Broke the Law

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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August is ending; finish strong with our morning train reads:

• How Much Has Vanguard Saved Investors? Try $1 Trillion (Bloomberg View)

• Here’s Why the Pundits Are Wrong About Warren Buffett (Fortune)

• Moody’s Issues First Muni Green Bond Assessment in U.S. (Bond Buyer)

• Why They Did It: Madoff and Enron’s Fastow Explain the Biggest Frauds in U.S. History (Bloomberg BusinessWeek)

• CIA’s Venture-Capital Firm, Like Its Sponsor, Operates in the Shadows (WSJ)

• Capitalism and democracy: the strain is showing (FT)

• When Economic Doomsayers Stumble: Cautionary Tales From Brexit, Grexit and U.S. Budget Battles (WSJsee also Brexit’s Economic Windfall is a Delusion (Bloomberg Gadfly)

• Please don’t tell anyone, but tax cheating is about to rise in the U.S. (Washington Post)

• The ISIS Attack Dog Reported Dead: Abu Mohammed al-Adnani, mastermind of the group’s globalized savagery, is “martyred.” (Daily Beast)

• Memoriam: From ‘Willy Wonka’ to ‘Stir Crazy’: Remembering Gene Wilder through his five greatest performances (LA Timessee also Gene Wilder obituary (Guardian)

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Where the Biggest Raises Are

SourceBloomberg Markets

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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:
James Greiff at jgreiff@bloomberg.net