Forecasts, Monopolies and Crazy Eddie's Riches
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 (ETF.com)
- 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)
What are you reading?
Different growth paths, different trajectory
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