Six lessons Morgan Housel learned from Frederick Lewis Allen’s Since Yesterday: The 1930s in America.  (Motley Fool)

Quote of the Day

"Wherever Vanguard appears, it changes the landscape.."

(Detlef Grow)

Chart of the Day

The median P/E multiple for US stocks is at a historical high. (via James Paulsen, Wells Capital Management)

(pensionpartners.com)