Subject: How not to react to the Russia revelations
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 13 Jul 2017 05:03:40 -0400 (EDT)

A daily digest of opinions and analysis

Trump Needs to Come Clean. Dems Need to Be Careful.

On the far right, Donald Trump Jr.’s strange meeting with a Russian lawyer is a “nothingburger.” On the far left, it may be “treason.” Eli Lake urges all sides to take a deep breath: The latest revelations are a tipping point, he writes — it now "strains credulity to give the president and his aides any benefit of the doubt" — but losing sight of the facts does nobody any good.

A Hot Investment Style Looks Great in the Rearview Window

Maybe it shouldn’t be a surprise, but investment vehicles designed around past performance might disappoint in the future. Barry Ritholtz explains why a host of critics are raising red flags about smart beta.

Ten Chinese Megacities to See Before You Die

They’re bustling and diverse, distinct and fascinating, and totally off the radar of most Western tourists. And then there’s the food. Tyler Cowen makes the case for visiting Qingdao, Dalian, and several other cities that testify to the world’s largest rapid boost in prosperity.

In Praise of Sports Stars Leaving Money on the Table

Pro athletes who accept sub-market-value contracts aren’t subsidizing greedy owners; they’re making a smart business decision. Stephen L. Carter applauds those like Golden State Warriors star Kevin Durant, who chose to to forgo several million dollars, as anything but dupes.

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Ritholtz’s Reads

How economics became a religion (The Guardian)

Wanna get rich? Think fractally (Of Dollars and Data)

The quantitative, data-based, risk-massaging road to riches (New York Times)

(Read Barry Ritholtz’s full daily news roundup here.)

Bloomberg Gadfly

The problem with Verizon-Disney

Prime Day doesn't matter. Just ask Amazon.

NRG ditches the old and embraces ... the old

(Read more from BV’s sister site for fast business commentary.)

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