What Makes Smart Guys So Dangerous
(Bloomberg Opinion) -- My “it's August already?” morning plane reads:
- Are Stock Buybacks Starving the Economy? (the Atlantic); see also Buybacks Are Great in Theory, Less So IRL (Bloomberg Opinion)
- An Inverted Yield Curve May Not Portend Doom (Wall Street Journal)
- Smart guys are the most dangerous: prone to overconfidence, and susceptible to overthinking — both deadly sins in money management. (Behavioral Macro)
- Is the Key to Beating the Market Written in the Stars? (Let me save you a click: No.) (Bloomberg Businessweek); see also Online Investors Consult Astrology to Chart Their Financial Courses (Wall Street Journal)
- A light shines on the concentration of power in Silicon Valley (Financial Times)
- The growth delusion: An interview with David Pilling (Washington Post)
- Josef Kates Found Ways to Unsnarl Traffic and Solve Business Problems With Computers (Wall Street Journal)
- Deadly spiral: As an AIDS epidemic runs out of control and deaths rise above 30,000 a year, Russians look for scapegoats (Coda)
- Why We're Sharing 3 Million Russian Troll Tweets (FiveThirtyEight)
- Ernest Hemingway's 8 Favorite Bars Around the World (Architectural Digest)
What are you reading?
Apple Drives Stock Market's Buyback Spree
Source: Wall Street Journal
To contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.net
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Barry Ritholtz is a Bloomberg Opinion columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He is the author of “Bailout Nation.”
©2018 Bloomberg L.P.
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