Book review: What Cracking the Emerging Markets Enigma by G. Andrew Karolyi gets right about this wide swath of the world.  (FT Alphaville)

Quote of the Day

"Poor decisions eat time. They come back to haunt you. They create issue after issue. They feed into the perpetual motion machine of busyness."

(Shane Parrish)

Chart of the Day

Intermediate term sentiment measures are showing an oversold situation.