Subject: How investors’ minds play tricks on them
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 25 Jul 2017 05:02:24 -0400 (EDT)

A daily digest of opinions and analysis

The Trump Rally Is a (Partial) Illusion

Yes, the markets are reaching records — but the reasons have less to do with the president and more with how humans make sense of reality. Barry Ritholtz explains how to guard against cognitive bias (a problem for investors of all political persuasions).

Why the Germans Blew It at Dunkirk

Behind Christopher Nolan’s new World War II blockbuster lies a military mystery: Why did the Germans halt their advance outside Dunkirk, giving 330,000 trapped Allied soldiers the chance to escape? James Gibney interviews historian Robert Citino about the forces behind the fateful decision.

Middle Eastern Immigrants Make America Stronger

Immigrants from the Middle East are overcoming nativism and thriving in the United States — just like generations of newcomers before them. Noah Smith says it’s an American success story that deserves far more attention.

The Big Apple Goes Back to Work

New York City’s recovery from the 1970s has been remarkable. It’s also created a whole new set of social problems. Armed with fresh data, Justin Fox takes stock of Gotham’s employment rebound.

Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.

Ritholtz’s Reads

How to deregulate Wall Street (without causing a crash) (Barron’s)

Investors, stop worrying about why “nobody” is worrying (MoneyBeat)

Donald Trump said 397 false things in six months. Here’s what we’ve learned (Toronto Star)

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

Bloomberg Gadfly

Yes, Google can keep dominating advertising

Wall Street cooks up a better future for Blue Apron

Merck and Samsung accelerate a biosimilar price war

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

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