Book review: Daniel Gross reviews The Age of Cryptocurrency How Bitcoin and Digital Money Are Challenging the Global Economic Order by Paul Vigna and Michael J. Casey.  (Washington Post)

Quote of the Day

"Passive investing makes a lot of sense in efficient markets. After all, if trying hard isn't going to get you ahead, you might as well diversify as much as possible and keep costs low. But, counterintuitively, passive investing makes even more sense in inefficient markets."

(Samuel Lee)

Chart of the Day

The ultimate contrarian trade: long the Russian ruble and short the Swiss franc.