Book recommendation: Hank Paulsen’s Dealing with China: An Insider Unmasks the New Economic Superpower is a “captivating read.”  (Reading the Markets also FT)

Quote of the Day

"The sharing economy of early 2015 is no different than the “new economy” of early 2000: It will almost certainly turn out to be a huge boon for businesses and consumers. But it will wipe out investors who think no price is too high to participate."

(Jason Zweig)

Chart of the Day

Over time investors have been overwhelmingly choosing low expense funds.