Forecasts, Monopolies and Crazy Eddie's Riches

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:

  • Wells Fargo: What?! (the Reformed Broker); see also Wells Fargo Opened a Couple Million Fake Accounts (Bloomberg View)
  • Swedroe: Ignore Forecasts -- They’re Usually Wrong (
  • The Volatility of Active Management (S&P Dow Jones Indices); see also Bogle Says Index Investing Is No Threat to Market Efficiency (Bloomberg)
  • America’s Monopoly Problem: How big business jammed the wheels of innovation (Atlantic)
  • The Three Most Important Words? "I Don’t Know" (Bloomberg View); see also On the Value of Not Knowing (the Big Picture)
  • How Does America Keep Finding Vast Stores of Energy?  By completely overhauling the old rules of the business. (Slate)
  • Donald Trump gave an interview this morning that should be shocking -- but we’re numb (Vox); see also Trump’s Shifting Words on Interest Rates and Janet Yellen (Wall Street Journal)
  • Social Network Algorithms Are Distorting Reality By Boosting Conspiracy Theories (Fast Company)
  • Crazy Eddie may have died rich: The mastermind behind one of the all-time accounting frauds may have had $5 million stashed away. (Crain’s New York); see also Eddie Antar, Retailer and Felon Who Created Crazy Eddie, Dies at 68 (New York Times)
  • Inside the Mind of the Undecided Voter (GQ)

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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

To contact the editor responsible for this story:
Brooke Sample at