Big Shorts, Black Holes and Better Jails
Happy Pi Day! While the last gasps of winter hit the Northeast with a blizzard, the rest of the country can enjoy our morning snow-blowing reads:
- Great Groveling, Guys: Counting All the Ways Analysts Fawn Over Management (MoneyBeat); see also Wall Street Has Found Its Next Big Short (Bloomberg)
- Fixed Index Annuities: "Magical" or "Unsuitable"? (Philadelphia Inquirer)
- U.S. Asset Managers Still Face Difficult Future (Morningstar); see also Trouble ahead for PE investors? (Alphaville)
- Why market reporters lean toward negative news: Journalists tend to avoid hype and have less to lose from being incorrectly bearish (Financial Times)
- BlackRock vows new pressure on climate, board diversity (Reuters); see also Behind the Quiet State-by-State Fight Over Electric Vehicles (New York Times)
- When It Comes to Wall Street, Preet Bharara Is No Hero (ProPublica)
- "This is like paradise": Seal Beach’s pay-to-stay program actively markets its jail, attracting deep-pocketed offenders (LA Times); see also Afraid of Jail? Buy an Upgrade (Marshall Project)
- Over 1 Million U.S. Homeowners Regained Positive Equity in 2016 (World Property Journal)
- A Wild New Hypothesis for How the First Monster Black Holes Formed (Gizmodo)
- Why Intel is paying $15 billion for Mobileye: Think of your future car as a rolling computer. (Recode)
What are you reading?
Trumpcare Plan Takes Hit With CBO’s Dire Estimates
Want to receive our daily reads in your inbox? Sign up here!
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 email@example.com
To contact the editor responsible for this story:
Brooke Sample at firstname.lastname@example.org