Radical Reform, Making History and Trump Lines

(Bloomberg View) -- My end-of-week, man-it's-cold morning train reads:

• As Dow Tops 25,000, Individual Investors Sit It Out: Since 2012, $1 trillion has been pulled from retail-investor mutual funds that target U.S. stocks (Wall Street Journal)
• If I gave you $130 million, could you build a $9.5 billion AUM RIA firm in 11 years ... and still need another $75 million in capital to get to profitability? That's Wealthfront in a nutshell. (Tech Crunch)
• The Evangelist of Molecular Biology (New Atlantis)
• Radical reform needed to shake Japan Inc. out of its complacency (Financial Times)
• The Wolff lines on Trump that ring unambiguously true (Axios)
• Washington's growing obsession: The 25th Amendment (Politico); see also Is Something Neurologically Wrong With Donald Trump? (the Atlantic)
• A Short History of the Brief and Bumpy Life of the Voting Fraud Commission (ProPublica)
• Making History By Doing Nothing (Collaborative Fund)
• How I Built a No. 1-Ranked Podcast With 60M+ Downloads (Tim Ferriss)
• Why Teens Aren't Partying Anymore (Wired); see also Does Social Media Make People Less Social? A Research Note (Society Pages)

Be sure to check out our Masters in Business interview this weekend with Bruce Bartlett, domestic policy adviser to Ronald Reagan and Treasury official under George H.W. Bush and author of "The Truth Matters: A Citizen's Guide to Separating Facts From Lies and Stopping Fake News in Its Tracks."

Manufacturing in the U.S. Just Accelerated to Its Best Year Since 2004

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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.”

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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