Alternative Facts and Not-So-Fun Hedge Funds

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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Our Tuesday morning train reads:

  • Alternative Facts for Trump and the Stock Market (Wall Street Journal)
  • Struggling hedge funds still expense bonuses, bar tabs (Reuters); see also All the Fun Is Going Out of Hedge Funds (Bloomberg View)
  • How You Can #Resist … With Your Portfolio (Reformed Broker)
  • Blame Technology, Not Longer Life Spans, for Health Spending Increases (Upshot); see also To fight their negative image on prices, drug companies launch a major ad campaign (Washington Post)
  • Fed Debate Over $4.5 Trillion Balance Sheet Looms in 2017 (Bloomberg)
  • Much of the Cuisine We Now Know, and Think of as Ours, Came to Us by War (Smithsonian); see also The Ever Expanding World of Wine Takes Your Palate to Unexpected Places (Smithsonian)
  • Andy Puzder’s fast-food industry sticks taxpayers with costs of supporting its workers (LA Times)
  • Trump vs. Your Brain: What psychology tells us about life under a leader totally indifferent to the truth. (Politico); see also Trump’s real war isn’t with the media. It’s with facts. (Vox)
  • The iPhone Unsung Sine Qua Non (Monday Note)
  • Vaccine exemptions are on the rise in a number of U.S. states (Stat); see also Top 10 science stories of 2016: Gravitational waves, Zika, Proxima b and more (Science News)

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Investors See Big Gains Outside U.S.

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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