Check out a review of Nicholas Carlson’s “corporate thriller” Marissa Mayer and the Fight to Save Yahoo!.  (FT)

Quote of the Day

"Like an expert fisherman facing an empty lake, hedge fund managers found historically low rewards [in 2014] for their abilities (if any) to outperform indices."

(Sage Um)

Chart of the Day

Net-net, the past decade for the S&P 500 was pretty average.