It’s been a while since I linked to my book, which you can get for a lot less than list. So here you go: Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere.

Quote of the Day

"Smart beta is stupid; there's no such thing. It's an idiotic phrase. Quoting Shakespeare, I guess: It's a tale told by an idiot, full of sound and fury, signifying nothing."

(John Bogle)

Chart of the Day

Alibaba’s ($BABA) honeymoon is over.