Book review: Billion Dollar Ball: A Journey Through the Big-Money Culture of College Football by Gilbert M. Gaul is “meticulously researched and wickedly well-written volume.”  (FT)

Quote of the Day

"The worst thing you can do is style hop, but we always do it because stupid evolution made us impatient performance chasers."

(Patrick O'Shaughnessy)

Chart of the Day

Recent weakness in financial market conditions could give the Fed a reason to not raise rates.