Book insights: Why we deny the role of luck. Insights from Max Gunther’s How to Get Lucky.  (Farnam Street)

Quote of the Day

"About 20% of [Broadway] shows earn their money back, and about 20% of racehorses earn their keep..."

(Rocco Landesman)

Chart of the Day

Despite what they are saying US households are topping up on their equity holdings.

(twitter.com)