Book list: 22 books to read on psychology and behavioral economics including The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust by John Coates. (Farnam Street)
Quote of the Day
"The institutions that bought that €7 billion in Greek debt in 2009 made a very bad judgment. Even at the time, it was clearly a foolish gamble — so foolish, in fact, that it can be explained in only one way. They believed that in the event of default, the Germans would bail the Greeks out"(Adam Davidson)
Chart of the Day
Closed-end fund discounts are at historically wide levels.