What I'm reading this morning:
- U.S. Lacks Ammo for Next Economic Crisis (Wall Street Journal)
- Wal-Mart gave 500k workers a raise. Profits are down, but sales and customer experience are improving. Imagine that shit. (Fortune)
- Home Depot, like the housing market, is on fire (New York Times)
- Why 6 million Americans would rather work part-time (Bloomberg)
- With some exceptions, the top hedge fund managers all got to where they are with pure gut instinct and a penchant for gambling (Irrelevant Investor)
- Chinese stocks crash overnight for a change (New York Times)
- Rick Ferri: Should you own foreign stocks (Rick Ferri)
- Mark Mobius speaks on the latest currency moves in China and what it all means for investors (ValueWalk)
- Professors throw a wet blanket on the self-reported hedge fund database (Bloomberg)
- If you want to get to know an investor in an abbreviated period of time, you really only need to ask them one question: (CFA Institute)
- Citi paying $180 million penalty for misrepresenting the risk of its funds (Chief Investment Officer)
- I don't want to alarm you, but Google's humanoid robot just walked outside by itself. (Quartz)
