Book list: Only 12 weeks to Labor Day! Check out Barry Ritholtz’s reading list including Misbehaving: The Making of Behavioral Economics by Richard H. Thaler.  (Bloomberg)

Quote of the Day

"Diversification is essential to prudent investment but the herding behaviour of modern investors means that in the short term almost every asset is correlated with every other, even if the underlying characteristics of the assets are completely different."

(John Kay)

Chart of the Day

Are share buybacks crowding out R&D and capex?