Ritholtz's Reads

Facebook's Downward Spiral and Apple's Bogus Claim

Here are your morning reads.

My end-of-week morning train reads:

  • The World’s Priciest Stock Market, by Robert J. Shiller (Project Syndicate); see also CAPE Fear: Why CAPE Naysayers Are Wrong (Research Affiliates)
  • Sir Isaac Newton: Scientific Genius, Investing Fool (Moneybeat)
  • The Argument for Ditching the 401(k) and Starting Over (Bloomberg View)
  • Everyone’s a "Buy and Hold" Investor Now. But Can You Stay That Way? (Wall Street Journal)
  • “This Is Serious”: Facebook Begins Its Downward Spiral (Vanity Fair); see also Facebook thought it was more powerful than a nation-state. Wrong (Washington Post)
  • Housing in America’s Most Expensive Area Is About to Get Even Pricier (Bloomberg)
  • The tricks propagandists use to beat science (MIT Technology Review)
  • Apple’s bogus claim that the tax cut is making it spend more in the U.S. is just a PR sop to Trump (Los Angeles Times); see also iCloud Storage: Your Guide to the Other Apple Tax (Wall Street Journal)
  • You’re Ordering Wine Wrong: Star sommelier Robert Bohr has advice on how to avoid common pinot pitfalls. (Bloomberg)
  • Belichick and Saban: The stories behind a friendship (Sports Illustrated)

Be sure to check out our Masters in Business interview this weekend with Cornell psychology professor Thomas Gilovich, best known for his research in heuristics and biases. He is the author of several books, including “How We Know What Isn’t So: The Fallibility of Human Reason in Everyday Life,” and is the co-author (with Amos Tversky) on the seminal study on the myth of the “Hot Hand” in the NBA. 

Adjustment Is Hard, Especially If It Involves the Dollar 

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    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

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