Book notes: Ten simple statements from books like Why We Don’t Learn from History by Liddell Hart that will make you think differently.  (Morgan Housel)

Quote of the Day

"The idea of financial singularity may seem inspiring; but it is no less illusory than the rational Utopia that inspired generations of central planners. Human judgment, good and bad, will drive investment decisions and financial-market outcomes for the rest of our lives and beyond."

(Robert Shiller)

Chart of the Day

Long gasoline, short coffee: how assets have performed year-to-date.