Jeff Bezos, Amazon

It's a self-funding incubator that ruthlessly kills the ventures that don't work

Barry Ritholtz : Woe to those disrupted by Amazon

Bloomberg

Image via Shutterstock

Well, the Brits have really done it now. All the experts told us people in the UK were smart enough to see that voting to leave the European Union was a mistake - but not to worry because the referendum was going to lose. I once again must invoke the wisdom of screen writer William Goldman, who as regular readers will know summed up almost everything  you need to know with the world's three most important words (no, not those words - see Item 7 below). That said, here's how I see it:1. London, get used to itIt was a back and forth between New York and London in the bidding to be the capital of capitalism. That race just ended. This may be good for New York and Hong Kong in some abstract way, but more likely the centre of European financial gravity will shift to Geneva or Brussels or Frankfurt; or maybe no one city replaces London and financial power is scattered all over Europe. London's ambition to be the world's most important city is now over. Expect it to become more like Colonial

Eight things to know about the UK vote

The agreement is likely to be the defining foreign policy achievement of the Obama administration

Something to like in the Iran deal

Greece never should have been in the euro zone in the first place. There is no easy end in sight for the absurd dance Greece has found itself stuck in with its European colleagues. It needs to start fresh

Barry Ritholtz

Barry Ritholtz

Barry Ritholtz

Amazon is a variant of Apple Inc - a disruptor of businesses

Eight things to know about the UK vote

Something to like in the Iran deal

Barry Ritholtz: The solution is simple - Let Greece go