Book review: David McCullough’s The Wright Brothers is “concise, exciting and fact-packed book..”  (NYTimes.com)

Quote of the Day

"Do you think you will remain calm in the face of a 50% decline in one or several of your holdings and you will ride them back to new all-time highs? Think again. Most people will give up and sell in the face of such big losses. You have to plan for your inherent human weaknesses. You need to have a clear strategy that will your protect profits and confidence."

(Ivanhoff)

Chart of the Day

Why demand for high yield bonds remains strong.

(bloomberg.com)