So, About Those 2 Million Fake Accounts...
Over the past five years, more than 5,300 Wells Fargo employees opened several million customer accounts without those customers' knowledge -- malfeasance on such a grand scale that it was "less a conspiracy and more a spontaneous revolt," Matt Levine says. With the bank now facing $185 million in fines, the moral of the story is this: You get what you measure, even if it's not what you wanted.
The Three Most Important Words: 'I Don't Know'
If you think you'd be smarter than all those chumps who invested in Theranos, you learned the wrong lesson, Barry Ritholtz says. It's common for people not to understand investment ideas -- the hard part is admitting it.
Spain's Political Mess Is a Blessing, Not a Curse
After nearly a year without a functioning government, Spain may soon be forced to hold its third election in 2016. It sounds like shocking electoral dysfunction, but Leonid Bershidsky looks on the bright side: Factions need to thrash out their differences, and the turmoil doesn't seem to hurt the country's economy.
Free-Speech Debate Misses Colin Kaepernick's Point
Hannity Will Own a Share of Any Trump Defeat
Fox News host Sean Hannity has launched a crusade against anti-Trump Republicans, warning one conservative writer that if he "sabotage[s]" the candidate's bid, he will "own the damage" of a Clinton victory. But Ramesh Ponnuru says Hannity's vendetta exposes his own culpability in the GOP's likely defeat.
- Investment trend: Are classic cars overtaking art? (Classic Driver)
- Where today's jobs are most likely to vanish tomorrow (Wonkblog)
- The life-changing magic of turning employees into shareholders (The Atlantic)
(Read Barry Ritholtz's full daily news roundup.)
Get Share the View every morning in your inbox. Click here to subscribe.
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.