10 Sunday Reads

My easy like Sunday morning train reads: • Nike is still the king of the sneaker industry, but even great empires can fall (Quartz) • The Ideal Index Portfolio And The Many Paths To Perfection (Portfolio Charts) • De-fanging the fiduciary rule (FT Alphaville) • Bitcoin’s price hit $5,000 last week. It’s still a dumb investment (Los Angeles Times) • Markets Don’t Care Who…

Read More

The post 10 Sunday Reads appeared first on The Big Picture.

There is no Brexit ‘punishment’, apart from the self-inflicted one

Michel Barnier did not say we needed to be taught a lesson. We are not being blackmailed or fined. We are simply unwilling to accept our obligations

‘Sometimes you get the impression that the British are talking to themselves,” said the outgoing French ambassador, Sylvie Bermann, on the Today programme last week.

There have been suggestions that the French are rubbing their hands and doing their best to lure as much business as they can from the City of London to Paris.

Continue reading…