Book excerpt: On the paradox of skill from Larry Swedroe’s The Incredible Shrinking Alpha: And What You Can Do to Escape Its Clutches.  (Wealth Management)

Quote of the Day

"The way you’re going to get rich is not by investing like Warren Buffett. The way you’re going to get rich is by working hard; not spending a lot of money and saving. The name of the game is not to get rich. The name of the game is to not die poor. And the way you avoid dying poor is just by adhering to your strategy."

(William Bernstein)

Chart of the Day

Behold the back up in 10 year Treasury yields.

(thereformedbroker.com)

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