What I've Been Reading - Week of May 1

By Zach Kouwe

Markets & Economy

• Derivatives worry Warren Buffett (but he still uses them)
• There is apparently a downside to financial engineering WSJ’s James Mackintosh reports; think Valeant and SunEdison.

Alternatives

• Sohn Conference Wrap Up from Forbes
• CalSTERS: The 2 and 20 model is dead
• Steve Cohen says hedge fund talent is thin, and may be a problem with potentially sweeping ramifications.
• WSJ’s John Carney on how secretive hedge funds hurt investors
• P&I : Public pension funds feeling the heat in hedge fund furor.

Long Reads

• The New Yorker’s profile on US Attorney Preet Bahrahra
• New York Magazine on the Trump Phenomenon
• Fortune’s in-depth look at the saga of Sumner Redstone

FinTech

• The inventor of Bitcoin revealed?
• 60 Minutes story on “FinTech”
• A look inside the Secret Meeting Where Wall Street Tested Digital Cash

Media Industry and Journalism

• Here's what Business Insider employees just said about why people are leaving
• Is the bubble popping in digital media? BuzzFeed, Salon and others are suffering….
• Amazing - apparently even editors miss out on bets…
• WSJ’s digital subscribers now make up 45% of overall subscription base
• How Twitter is changing business journalism