Prizewinners, Risk Takers and Flat Earthers
My Tuesday morning train reads:
- The Great Market Switcheroo of 2016: As greed replaces fear, investors dive into riskier assets and former laggards lead markets (Wall Street Journal); see also A Great Cost Migration Is Upending the Financial Industry (Bloomberg View)
- John Hempton’s comments on the Twitter buyout rumors (Bronte Capital)
- Nobel Prize in Economics: Who Are Oliver Hart and Bengt Holmstrom? (Real Time Economics); see also An Economics Nobel for Examining Reality (Bloomberg View)
- Millennials aren’t big spenders or risk takers, and that’s going to reshape the economy (L.A. Times)
- Buffett: Some Tax Facts for Donald Trump (BusinessWire); see also The White House Rule: No Tax Returns, No Job (New York Times)
- My First Gulfstream: A top entrepreneur joins the elite fraternity of private-jet owners. Sixteen months, $12 million, and thousands of F.A.A. regulations later, he assesses the ride. (Vanity Fair)
- The Rise of the "Bromosexual" Friendship (New York Times); see also One governor’s defeat could be a watershed moment for gay rights (Washington Post)
- Google and the Limits of Strategy (Stratechery)
- Seth Meyers needed to find his place in late night. Then Donald Trump ran for president. (Washington Post); see also Letterman Has No Love for "Damaged" Trump (New York Times)
- Would You Vote for Someone Who Thinks the Earth Is Flat? (Slate)
What are you reading?
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