Trump's Transition and Obama's Legacy

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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Back from the long weekend; kick it off right with our pre-inauguration morning train reads:

  • Why Long-Term Investors Love Beta (Chief Investment Officer)
  • The Simple Economics of Machine Intelligence (Digitopoly); see also Harnessing automation for a future that works (McKinsey)
  • Pundits, Facts and the Future (Bloomberg View)
  • U.S. Car Industry Has Unlikely Patriots (Wall Street Journal); see also Detroit Bets You’ll Get Sick of SUVs (Bloomberg)
  • The Curse of Econ 101: When it comes to basic policy questions such as the minimum wage, introductory economics can be more misleading than it is helpful. (the Atlantic)
  • Trump Is Making Journalism Great Again (Politico); see also Winter is coming: prospects for the American press under Trump (PressThink)
  • Physics Envy and the Taxonomy of Uncertainty (
  • Obama’s Economic Record: An Assessment (New Yorker); see also Democrats can’t win until they recognize how bad Obama’s financial policies were (Washington Post)
  • What happened to the Lily camera drone? (Recode)
  • Negative Views of Trump’s Transition, Amid Concerns About Conflicts, Tax Returns (Pew Research Center); see also Approval of Trump Transition Still Low as Inauguration Nears (Gallup)

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

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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

To contact the editor responsible for this story:
Brooke Sample at