Figuring Out the Fed and a Few Life Lessons

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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Happy Friday the 13th! Stay lucky with our morning train reads:

  • Davos Wonders If It’s Part of the Problem: Did the global elite’s devotion to borderless capitalism sow the seeds of a populist backlash? (Bloomberg)
  • Great to See You, Active Management -- Are You Still Alive? (Wealth of Common Sense)
  • What the Fed’s move may mean: The Fed raised rates, and expects the pace of hikes to pick up in 2017. What could it mean for bonds? (Fidelity)
  • Jason Furman, Obama’s chief economist, talks about his biggest triumphs and biggest regrets (Vox)
  • Advisors Should Aim For Simplicity and Avoid Pretentious Jargon (Teachable Moment)
  • Daryl Morey, Basketball’s Billy Beane (Waiter’s Pad); see also Evidence-based free throw shooting (Abnormal Returns)
  • What "The Founder" Can Teach Us About Starting a Business (Wall Street Journal)
  • How State-Sponsored Blackmail Works in Russia: The art of kompromat, a practice that seems to have migrated across the Atlantic (the Atlantic)
  • Lessons From Trump’s Presser: Keep Questions Simple, Seek Specifics (Hollywood Reporter); see also A message to my doomed colleagues in the American media (Medium)
  • 10 Life Lessons We Learn Too Late (Next Avenue)

Be sure to check out our Masters in Business interview this weekend with Brett Steenbarger, clinical psychologist and trading coach who works with such legendary firms as Tudor Investments.

Sources of U.S. Imports

Source: MarketWatch

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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