Book review: Why family business succession fails. A look at Myths and Mortals: Family Business Leadership and Succession Planning by Andrew Keyt.  (FT)

Quote of the Day

"The smart investor that wants to succeed should focus on achieving absolute returns using a sensible strategy across a full market cycle that includes both bear and bull markets rather than comparing themselves to their peers."

(David Varadi)

Chart of the Day

Want to know where stocks are going? Figure out the change in 12-month forward earnings estimates. (via @ritholtz)