Book recommendation: Lasse Pedersen’s Efficiently Inefficient: How Smart Money Invests and Market Prices are Determined is a must-read for serious investors. (ETF)

Quote of the Day

"Investors complicate things. They trade, they fiddle, they buy this and sell that—all with the hope of achieving a higher return than can be earned sitting still and letting the market work for you."

(Morgan Housel)

Chart of the Day

The market seems to like the idea of Interactive ($IACI) spinning off and Tinder in a separate company.