Valuations, Bull Markets and the Opioid Crisis

(Bloomberg View) -- My Taco Tuesday derailed morning train reads:

• Your way of life would not be remotely possible without Wall Street (LA Times)
• It's Possible Stocks Are Only Sort Of Expensive. (Irrelevant Investor); see also Risk is How Much Time You Need (Collaborative Fund)
• Diversification, Adaptation, and Stock Market Valuation (Philosophical Economics)
• The Future Agency: Inside the big business of imagining the future (the Verge); see also The Arrival of Artificial Intelligence (Stratechery)
• Shiller: Caution Signals Are Blinking for the “Trump” Bull Market (the Upshot)
• Coal's Dirty Secret? It's Not Coming Back (Bloomberg Gadfly); see also A Cruel, False Promise on Coal (Slate)
• This company's drugs helped fuel Florida's opioid crisis. But the government struggled to hold it accountable. (Washington Post)
• The Death of the Think Tank, R.I.P. (Education Next); see also New research shows the internet is a swamp and the trolls have won (the Outline)
• Funny or Die at 10, an Oral History (Wired)
• Pandora is in trouble, and Big Music is surprisingly sad about that (Recode); see also Pandora CEO, Pressured to Sell, Gets Last Chance to Beat Spotify (Bloomberg)

What are you reading?

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

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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