Bubbles and Bombshells

Here are your morning reads.

My Tuesday West Coast morning beach reads:

  • How to Know When Stocks Are Properly Valued: A Debate (Bloomberg View); see also Markets Have Nothing Left to Fear But Fearlessness Itself (Bloomberg)
  • In Long Run, There’s No Such Thing as an Einstein Investor (New York Times)
  • 2017 vs. 2000: Are Equities Really In A Bubble? (See It Market); see also This Is What A Bubble Looks Like: Japan 1989 Edition (Fat Pitch)
  • $69 Billion Worth of Bezos Bombshells (Bloomberg Gadfly)
  • Seattle’s Minimum Wage Hike May Have Gone Too Far (FiveThirtyEight); see also A "very credible" new study on Seattle’s $15 minimum wage has bad news for liberals  (Washington Post)
  • Sadly, in Silicon Valley, Uber’s Kalanick is no outlier (PBS)
  • A Cyberattack "the World Isn’t Ready For" (New York Times); see also Under pressure, Western tech firms bow to Russian demands to share cyber secrets (Reuters)
  • All Models Are Wrong (Farnam Street)
  • The Shouting Class (Noahpinion); see also A New Comment Policy (the Big Picture)
  • How many home runs is too many? MLB’s going to find out (New York Post)

What are you reading?

U.S. Investors Prefer U.S. Stocks Over All Others

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    To contact the author of this story:
    Barry Ritholtz at

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

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