Asteroids, Hedge Funds and the New Elite
It's the end of the week! Finish strong with our pre-weekend morning train reads:
- Wall Street’s 0.01%: The Guru Who Only Talks to Hedge-Fund Elite. A new financial elite is emerging on Wall Street. And if you’re not part of it, the next best thing is to sell to it. (Bloomberg)
- Cognitive bias cheat sheet (Better Humans)
- Investors Stick With Assets That Mimic Hedge Funds (New York Times) but see Hedge Funds Should Quit Bellyaching (Bloomberg Gadfly)
- Housel: Old World, New World (Collaborative Fund)
- What Unites and Divides Americans (Bloomberg); see also In Places With Fraying Social Fabric, a Political Backlash Rises (Wall Street Journal)
- The Fundamentals: Where Are We in This Strange Race for President? And can Trump breach Fortress Obama? (Center for Politics)
- The First Drone Strike: How a Cold War Idea Became the Dominant Weapon in the War on Terror (Slate)
- The Free-Time Paradox in America: The rich were meant to have the most leisure time. The working poor were meant to have the least. The opposite is happening. Why? (the Atlantic); see also What Should You Choose: Time or Money? (New York Times)
- 9 things you probably didn’t know about Nora Ephron’s rom-coms (Washington Post)
- Don’t Panic, But There’s An Asteroid Right Over There (FiveThirtyEight)
Wealth Fund: Outflows Are Affecting Risk Strategy
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