Capitalism, Luck, Wealth and Sausage

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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Get ready for the three-day weekend with our friendly morning train reads:

• Indexing Is Capitalism at Its Best (Bloomberg Viewsee also No Signs of Complacency at Vanguard (Morningstar)

• Why Luck Plays a Big Role in Making You Rich (Bloomberg)

• Apple’s little-known (and somewhat unsexy) secret to success: Supply chain (Re/Codesee also Will Amazon Kill FedEx? (Bloomberg Businessweek)

• Ten Open Questions for the Techno-Optimist (Digitopoly)

• Magical misery tour. Visits to Europe’s nastiest spots are becoming popular (Economist)

• The Most Impressive State for Clean Energy? It’s Iowa. Really! (Slate)

• Life got better for pretty much everyone under Obama (Washington Post)

• It’s Too Soon For Clinton To Run Out The Clock (FiveThirtyEightbut see Trump might already be out of time (Politico)

• 3.7-billion-year-old fossils may be the oldest signs of life on Earth (Washington Post)

• A Global Field Guide to Sausages: From Merguez to Chorizo (WSJ)

Be sure to check out our Masters in Business interview this weekend with Bill McBride, founder of the highly regarded economics blog Calculated Risk. 

Corporate Profits Cloud U.S. Investment, Hiring Outlook 

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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