Moscow Bus Stop Blast Injures Three

In Moscow, a blast rocked a bus stop, injuring at least three people. According to TASS, the explosion was caused by a homemade bomb or improvised explosive device. The blast happened on Pokrovka Street in central Moscow.

Police reportedly said someone threw the homemade bomb at the three women who were injured while standing at the bus stop, possibly from a vehicle while driving by or from a window in a nearby building. According to Interfax, two of the three women were transported to a hospital to be treated for wounds from flying shrapnel, while the third was treated at the scene for minor cuts. None of the injuries are believed to be life-threatening. Police are reportedly investigating the incident as a case of hooliganism.

Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More

Pictures and video from the scene of the blast that were posted on Twitter do not appear to show any damage to nearby buildings.