Book notes: Are John Bogle’s two classic books, Bogle on Mutual Funds: New Perspectives for the Intelligent Investor and John Bogle on Investing: The First 50 Years worth a re-read? (Reading the Markets)
Quote of the Day
"The problem isn’t the robots per se but the uses we’ve put them to...Indeed, markets today incorporate new information faster than ever before. Yet they are also fundamentally less stable, and more prone to sudden and inexplicable breakdowns. "(James Surowiecki)
Chart of the Day
Agribusiness has been underperforming for years now.