Good morning. Here are my favorite midweek reads:

• MUST READ: The Relentless Bid, Explained (Reformed Broker)
• Active vs. index investing: The smartest choice may be to combine the two types of funds (WSJ) see also What If You Only Invested at Market Peaks? (A Wealth of Common Sense)
• Emerging, but No Longer a Mother Lode of Profits (NY Times)
• The Cost of Bitcoin (stratēchery) see also The Most Dangerous Man in Bitcoin Isn’t a Criminal, He’s an Attorney General (FastCo)
• A Semi-Defense of the Efficient-Market Hypothesis (Bloomberg View)
• How Obama Wants to Fight Inequality With a Twist of the Tax Dial (Quartz) see also The Economic Future of Americans -- Some Arithmetic (Gavyn Davies)
• Why cannabis legalization is less like marriage equality and more like health-care reform: It’s All in the Implementation (Washington Monthly)
• Explore 60 Years of Budget Deficits in One Chart (WonkBlog)
• Are you using the wrong computer mouse? (WSJ)
• Dowd: Are women frozen in a movie niche? (NY Times)

What are you reading?

Beijing Signals New Worry on Growth


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Barry L Ritholtz at