Book review: Nathaniel Popper’s Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money is the book you have been waiting for.  (Marginal Revolution)

Quote of the Day

"Truly great businesses run by able management teams should be able to adapt to various economic scenarios and deliver solid results across a full business cycle and beyond. However, it's much more difficult to predict when the cycle will turn, how much it will turn, and for how long it will turn."

(Todd Wenning)

Chart of the Day

Who’s smarter? Corporate bonds or stocks.