Book list: The 15 finalists are in for the FT/McKinsey Business Book of the Year Award including Superforecasting: The Art and Science of Prediction by Philip Tetlock and Dan Gardner.  (FT)

Quote of the Day

"Capitalism doesn't favor groupthink. It can tolerate it for a while, but just barely. When large groups of people start marching in the same direction, disappointment isn't far behind."

(Morgan Housel)

Chart of the Day

Worth noting: homebuilding stocks are hitting new highs.