Holiday book alert: GDP: A Brief but Affectionate History by Diane Coyle and The Martian by Andy Weir appeared a number of best-of lists this year.  (WSJ, Quartz)

Quote of the Day

I would be saddened if the allure of gathering assets causes providers to allow smart beta to deteriorate into the deception of “backtest alpha.” I hope for a far better outcome. I hope smart beta shakes up the business-as-usual world of investment management.

(Jason Hsu)

Chart of the Day

What a typical December stock market looks like.