Young Money: Inside the Hidden World of Wall Street’s Post-Crash Recruits  by Kevin Roose appears on “The Best Books I’ve Read in 2014” by Ben Carlson at A Wealth of Common Sense.

Quote of the Day

“Risk-aversion is one of those behaviours that may not seem all that rational in terms of building wealth, or increasing the number of offspring,” he says. “But  . . . if you engage in more conservative behaviour, it’s much less likely that nature will eliminate you.”

(Andrew Lo)

Chart of the Day

Sectors change: health care is getting more market-like.