Index Funds Turn 40, Hacking Traders' Emotions

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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Welcome to September! Start it right with our morning train reads:

• Birth of the Index Mutual Fund: ‘Bogle’s Folly’ Turns 40 (MoneyBeat)

• Ten Things Investors Can Learn From the Horse Track (Irrelevant Investor)

• Wall Street’s Next Frontier Is Hacking Into Emotions of Traders (Bloomberg Businessweek)

• Prosecution of Financial Crisis Fraud Ends With a Whimper (NYT)

• Why you shouldn’t be so worried about the Fed raising interest rates (USA Todaysee alsoBazookas! Sinks! Aggressive Doves! Nobody Loves Silly Metaphors More Than Central Bankers (WSJ)

•  Google, Uber, and the Evolution of Transportation-as-a-Service (Stratechery)

• The Economic Recovery Hasn’t Reached America’s Schools (FiveThirtyEight)

• Interview: How to build a lionfish-killing robot (New Atlas)

• Inside debate prep: Clinton’s careful case vs. Trump’s ‘WrestleMania’ (Washington Postsee also Clinton’s New Strategy in South Puts Trump in Bind (Epoch Times)

• Do You Believe in God, or Is That a Software Glitch? (NYTsee also Big data, Google and the end of free will (FT)

What are you reading? 

Cautionary Tales From Brexit, Grexit and U.S. Budget Battles

SourceWSJ 

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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