Saturday , August 17 2019
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The author Barry Ritholtz
Barry Ritholtz
Barry L. Ritholtz is the founder and chief investment officer of Ritholtz Wealth Management. Launched in 2013, RWM is a financial planning and asset management firm, with over $175 million in assets. The firm offers a variety of services to the investing public, including LiftOff — a low cost online-only investment site.

The Big Picture




MIB: Josh Wolfe, Lux Capital

August 17, 2019 9:30am by Barry Ritholtz This week, we speak with Josh Wolfe, co-founder of Lux Capital. The venture firm was set up to support scientists and entrepreneurs who pursue counter-conventional solutions to the most vexing puzzles in physical and life sciences. Wolfe discusses the process of investing in entrepreneurs in basic sciences as requiring a mix of skill and luck, and a diverse thought-process. One of...

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10 Weekend Reads

August 17, 2019 6:30am by Barry Ritholtz The weekend is here! Pour yourself a mug of Danish blend coffee, grab a float in the pool, and get ready for our longer form weekend reads: • Pop culture lionizes the dazzling brilliance of money managers on the autism spectrum. Reality rarely measures up. (Institutional Investor)• Three Years of Misery Inside Google, the Happiest Company in Tech (Wired)• Is It Possible to Stop a...

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Succinct Summation of Week’s Events 8.16.19

August 16, 2019 4:00pm by Barry Ritholtz Succinct Summations for the week ending August 16th, 2019 Positives: 1. POTUS saves Xmas! Ok, not quite, but fearing the deceleration of retail sales, the President postponed many tariffs until year end; U.S./China Trade Negotiators are (supposedly) coming back to the table;2. Productivity in Q2 was better than expected with a 2.3% q/o/q annualized pace;3. Retail sales rose 0.7%...

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How to fix the Credit Ratings Agencies

August 16, 2019 10:00am by Barry Ritholtz The Bond Raters Still Need to Be FixedThe reforms adopted after the financial crisis didn’t resolve the industry’s inherent conflicts.Bloomberg, August 14, 2019 Standard & Poor’s 1, Moody’s and Fitch Ratings, the biggest credit-ratings companies, were major causative factors in the financial crisis. Even free-market acolyte Alan Greenspan admitted as much. Little has...

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10 Friday AM Reads

August 16, 2019 7:00am by Barry Ritholtz My end of week morning train reads: • Mind the Gap 2019: Measuring the costs of bad timing. (Morningstar)• The #TrumpRecession Label Is Going to Stick (Bloomberg Opinion) see also How World Leaders Ruined the Global Economy (New York Times)• WeWork isn’t a tech company; it’s a soap opera (The Verge)• Businesses Flock to Baltimore Wasteland in Epic Turnaround Tale: At Sparrows...

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1937 Cord 812

August 16, 2019 6:00am by Barry Ritholtz The Cord was not only beautiful, it was one of the most innovative cars of it time, filled with automobile firsts: -First American car to have front-wheel drive.-Horn ring rather than a button.-Holes cut into the hubcaps (to allow the brakes to cool off) Aerodynamic design included: -Enclosed headlights, (a crank on the dashboard let drivers manually reveal the headlights.)-Gas...

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The Supermarket Was a Cold War Artifact

August 15, 2019 5:30pm by Admin Tim This is fascinating: Between 1946 and 1954 in the U.S., the share of food bought in supermarkets rose from 28 percent to 48 percent. By 1963, that number had risen to nearly 70 percent. A&P had so much market power that the Department of Justice went after it for anticompetitive practices. This was an interesting development, considering that the U.S. Government played such a...

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BBRG: The #TrumpRecession Label Is Going to Stick

August 15, 2019 1:00pm by Barry Ritholtz The #TrumpRecession Label Is Going to StickPresidents usually get too much blame for economic slowdowns. This time is different.Bloomberg, August 15, 2019 A recession while Trump is president is very different than a “Trump recession.” It happens all the time: During the course of an ordinary cycle, an economic downturn occurs through no fault of the person holding the highest...

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10 Thursday AM Reads

August 15, 2019 6:45am by Barry Ritholtz My morning train reads: • Predicting the next U.S. recession (Reuters) see also Global Economic Trouble Is Brewing, and the Trade War Is Only Part of It (New York Times)• The Yield Curve Is Inverted! Remind Me Why I Care (Bloomberg)• Dysfunction Cost Cornell $700 Million. Can a New Investment Crew Turn It Around? (Institutional Investor)• It’s Hard to Think Long-Term (Irrelevant...

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Level of US Tariffs

August 15, 2019 6:00am by Barry Ritholtz There is a lot to think about just now economically: inverted yield curve, slowing Asia and Europe, disappointing wage gains. The chart below shows just how much the USA has increased its tariffs in this “easy-to-win” trade war: Source: Torsten Sløk, Ph.D., Deutsche Bank Securities Read this next....

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