Good morning. Some reads to start your workweek:
- Learning to live with stocks at record highs (WSJ) see also Why a 66 Percent Crash Would Be Better Than a 200 Percent Melt-Up (Philosophical Economics)
- Does your portfolio manager have "skin in the game?" (Meb Faber)
- Whack-a-Mole Fund Managers Can't Beat Index Funds (MarketWatch) see also Active Managers Must Work to Justify Fees (FT)
- For Richer or Poorer? Rich Families Face a Marriage Problem (WSJ)
- Fears Over 'Lowflation' Serve Up Bond Market Surprise (FT) see also Fed's Rate-Change System Up For Revamp. (WSJ)
- How Sleep Became the Enemy of Productivity (Harvard Business Review)
- Vancouver's international housing market (New Yorker) see also Developers See a Future With Fewer Picket Fences and More Leases (FiveThirtyEight)
- Congress Turning a D+ on Infrastructure Into an F (MarketWatch)
- Canines' Cancer-Sniffing Snouts Showing 90 Percent-Plus Accuracy (Bloomberg)
- Photos by Stanley Kubrick (Everyday I Show)
What are you reading?
S&P 500 Rolling 10 Year Returns
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Barry L Ritholtz at firstname.lastname@example.org