Bubbles, Excuses and How to Be Great

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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Welcome back to the fun house. Start the week right with our morning train reads:

  • Penta Millionaires: The New Rising Class (Barron’s)
  • Ways to Apply the Lessons from Howard Marks’ “The Most Important Thing” (25iq)
  • El-Erian: Fed Meeting Shouldn’t Obscure Bank of Japan’s Big Moment (Bloomberg View)
  • Active managers exposed as most US equity funds lag behind market (Financial Times)
  • The Greatest Bubble of All Time? (A Wealth of Common Sense)
  • Hedge funds across globe cut fees in battle for investors (Reuters)
  • How Regulation Failed with Wells Fargo (New Yorker)
  • Fewer of the world’s entrepreneurs say they need Silicon Valley anymore. That’s a problem (Quartz)
  • Where Creativity Comes From: Studies of humans and other animals indicate that inventiveness often stems from factors other than need (Scientific American); see also 22 lessons from Stephen King on how to be a great writer (Business Insider)
  • All the excuses Trump has given for why he won’t release his tax returns (Washington Post)

Shifting forces

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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:
Brooke Sample at bsample1@bloomberg.net