What I'm reading this morning:
- Goldman Sachs Says It May Be Forced to Fundamentally Question How Capitalism Is Working (Bloomberg)
- Even God Would Get Fired as an Active Investor (Alpha Architect)
- For Alphabet, the Path to Becoming the Most Valuable Company in the World (New York Times)
- John Hempton: Mr Ackman, I forgive you. Mike fooled almost everybody... (Bronte Capital)
- The letter BlackRock's Larry Fink just sent to CEOs everywhere about short-termism (Business Insider)
- Having too many ETFs actually raises the cost of investing - study (CIO)
- The technical picture for the S&P 500 is not great (Lightspeed Trading)
- Yahoo: Yes, we're for sale and we have suitors (Barron's)
- Ben Carlson: When diversification works (A Wealth Of Common Sense)
- There's no such thing as exact appraisal in the world of securities analysis (Irrelevant Investor)
- The problem with buybacks at companies with negative sales growth (Institutional Investor)
- Amazon takes a bold leap into the future: hundreds of physical bookstores (Wall Street Journal)
