How Should Investors – and Voters – Respond to Fake News?

Why Fake News Is So Harmful to Investors Markets are different from politics; they punish those who believe what isn’t true. Bloomberg, October 23, 2017     Facebook Inc., Alphabet Inc. (Google) and Twitter Inc. are under scrutiny for the roles each played in Russia’s attempt to manipulate the public and disseminate fake news during… Read More The post How Should Investors – and Voters – Respond to Fake News? appeared first on The Big Picture.

10 Monday AM Reads

Back to work with our Monday morning train reads: • How Saudi Arabia Is Building Its $2 Trillion Fund (BloombergBusinessWeek) • Captains of Finance Dismiss Bitcoin at Their Peril (Wired) • Fisher: P/Es predict nothing over one-, three- or five-year periods. (USAT) • Confirmation Bias: Why You Should Seek Out Disconfirming Evidence (Farnam Street) see also The Theory of Maybes (Collaborative Fund) • A Revealing… Read More The post 10 Monday AM Reads appeared first on The Big Picture.

The Amazon Singularity

Winner: Uber — or more specifically, Uber’s board, for taking the power back. Loser: Supermarkets (and everyone else) declining at the hands and rumors of Amazon. Winner: Tobacco brands. They’re finally being forced to run honest ads, but not on the digital channels where young people would actually see them. Plus the saddest day on… Read More The post The Amazon Singularity appeared first on The Big Picture.

10 Sunday Reads

My easy like Sunday morning reads: • How Financially Literate Are You Really? Let’s Find Out (Wall Street Journal) • North American Cities Have Debased Themselves in the Amazon HQ2 Reality Show (Slate) • ESG Focus Dents Returns, Investors Fear (Institutional Investor) • Black Monday 2.0: The Next Machine-Driven Meltdown (Barron’s) • Treasury secretary: Pass a tax bill or markets will tank (Politico) see also… Read More The post 10 Sunday Reads appeared first on The Big Picture.

Distressed Communities Index

This is quite interesting: U.S. geographical economic inequality is growing, meaning your economic opportunity is more tied to your location than ever before. A large portion of the country is being left behind by today’s economy, according to a county-by-county report released this morning by the Economic Innovation Group, a non-profit research and advocacy organization.   click… Read More The post Distressed Communities Index appeared first on The Big Picture.

MiB: Jim Ross, Chairman of SSGA, Father of S&P Spyders

Jim Ross, the executive vice president of State Street Global Advisors and chairman of global SPDRs. He also serves as chairman of the board of SSGA Funds Management, and as chairman and chief executive officer of State Street Global Advisors Funds Distributors. Last year, he won the ETF Lifetime Achievement Award. He has probably forgotten more about… Read More The post MiB: Jim Ross, Chairman of SSGA, Father of S&P Spyders appeared first on The Big Picture.

10 Weekend Reads

The weekend is here! Pour yourself a mug of Sumatra coffee, grab a seat in the backyard, and get ready for our longer form weekend reads: • A Letter to Jamie Dimon, and anyone else still struggling to understand cryptocurrencies (Chain) see also The future of money: How cryptocurrencies with real backing will become the ultimate disruptive technology… Read More The post 10 Weekend Reads appeared first on The Big Picture.

10 Weekend Reads

The weekend is here! Pour yourself a mug of Sumatra coffee, grab a seat in the backyard, and get ready for our longer form weekend reads: • A Letter to Jamie Dimon, and anyone else still struggling to understand cryptocurrencies (Chain) see also The future of money: How cryptocurrencies with real backing will become the ultimate disruptive technology… Read More The post 10 Weekend Reads appeared first on The Big Picture.

10 Sunday Reads

My easy like Sunday morning reads: • Wall Street, Climbing Sharply, Skips Washington’s ‘Soap Opera’ (New York Times) • Can We Use Volatility to Diagnose Financial Bubbles? Lessons from 40 Historical Bubbles (SSRN) • Americans Keep Crushing It With Their 401(k)s (Bloomberg) • Interview with Michael Bloomberg: ‘We Should Help’ Donald Trump (Spiegel) • Why Is There a Retirement… Read More The post 10 Sunday Reads appeared first on The Big Picture.

MiB: PIMCO’s Richard Clarida

This week, we sit down withRichard Clarida, global strategic adviser for Pimco since 2006. He also is a professor of economics and international affairs at the School of International and Public Affairs at Columbia University. He was an assistant secretary of the Treasury for economic policy under George W. Bush, and is a recipient of the Treasury Medal… Read More The post MiB: PIMCO’s Richard Clarida appeared first on The Big Picture.

10 Weekend Reads

The weekend is here! Pour yourself a mug of Dunkin coffee, grab a seat by the lake, and get ready for our longer form weekend reads: • Is Amazon getting too big? (Washington Post) • How a VC-funded company is undermining the open-source community (Outline) • The Future of Media is Here, And I Was There (Tablet) see also Former NBC… Read More The post 10 Weekend Reads appeared first on The Big Picture.