Book review:  Emanual Derman thinks The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order by Paul Vigna and Michael J. Casey is “timely and colorful.”  (NYTimes)

Quote of the Day

"A painful irony in investing is that the stock market works best for people who have decades to invest. But those people tend to have little money."

(Morgan Housel)

Chart of the Day

Brazil’s stock market is back down to post-financial crisis lows.