Top 5 Reads of the Week | May 8, 2019

Top 5 Reads of the Week | BloombergVanguard Patented a Way to Avoid
Taxes on Mutual Funds

by Zachary R. Mider, Annie Massa and Christopher
Cannon | Bloomberg

“The main benefit of avoiding taxable gains in a mutual fund is tax deferral. Funds distribute their taxable gains to investors, who pay income taxes on them in the same year. By avoiding tax events within the fund, investors get to delay taxes until they sell the fund, which could be years or decades later. It’s akin to a zero-interest loan from the IRS.”


Top 5 Reads of the Week | NYTThey Want It to Be Secret: How a Common
Blood Test Can Cost $11 or Almost $1,000

by Margot Sanger-Katz | The New York Times

“It’s one of the most common tests in medicine, and it is performed millions of times a year around the country. Should a metabolic blood panel test cost $11 or $952?”

 


Top 5 Reads of the Week | WSJFed is Shifting the Goal Posts, and
Investors Should Care

by James Mackintosh | The Wall Street Journal

“The second might matter more in the long run, as the Fed embarks on its first review of its 2% inflation target set seven years ago. Mr. Powell and Vice Chairman Richard Clarida have already made clear that the target itself isn’t up for debate but the way it is implemented could change, with big implications for markets.”


Top 5 Reads of the Week | Gates NotesMeet the virus hunters
by Bill Gates | Gates Notes

“Virus hunters are given a near-impossible task: find out where a mystery pathogen came from, how it’s transmitted, and how to stop it. Although they’re scientists and researchers by training, they also have to be detectives. A good virus hunter must look for clues and follow leads until they catch the bad guy. Think True Detective, but with microscopic pathogens instead of serial killers.”


Top 5 Reads of the Week | NYT

The Neighborhood Is Mostly Black.
The Home Buyers Are Mostly White.

by Emily Badger, Quoctrung Bui, Robert Gebeloff |
The New York Times

“Then in the aftermath of the housing bust, mortgage lending tightened, particularly for African-Americans and Hispanics. White buyers got a head start in places like South Park just as they were becoming newly desirable. By the time more lending returned for minorities, these neighborhoods were increasingly priced out of reach.”