Book recommendation: Gillian Tett’s new book The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers is a “tour de force.”  (Marginal Revolution)

Quote of the Day

"Showing up at a gold rush with a shovel and a pan doesn’t make you a genius."

(Dave Pell)

Chart of the Day

The emerging market rout continues.

(awealthofcommonsense.com)