Really great article from Barron’s this week on an upcoming 401(k) rule change. My take: this change is designed to help insurance salesmen at the expense of retirement savers. Happy Fourth of July!
- Hedge Fund Hold’em. “We find that hedge fund managers who do well in poker tournaments have significantly better fund performance.” HT Tyler Cowen.
- Annuities in 401(k)s Won’t Solve the Retirement Crisis. Here’s Why. Barron’s. HT Barry Ritholtz. I totally agree with this guy, quoted in the article: “John Voltaggio, a managing director at Northern Trust Wealth Management, which has $294.2 billion in assets under management, argues that individual retirement accounts and 401(k)s are already tax deferred, so it’s better to buy an annuity in a taxable account.”
- Why Many in China Oppose Hong Kong’s Protests. NY Times. HT Tyler Cowen, again.
- Putin Doesn’t Care About Economic Growth. Project Syndicate. HT Cowen, one more time.
- George Soros and Charles Koch team up for a common cause: an end to “endless war”. Vox. Wonderful!
- Justin Amash on Trump, impeachment, and the death of the Tea Party. Vox.
- American Concentration Camps, Then and Now. Foreign Policy In Focus. HT Juan Cole.