Book notes: Phishing for Phools: The Economics of Manipulation and Deception by George Akerlof and Robert Shiller is “interesting and entertaining.”  (Bloomberg)

Quote of the Day

"In short, traders lose, not because they're bad at the game, but because they are playing the wrong game."

(Brett Steenbarger)

Chart of the Day

Oprah Winfrey can still move the dial. She buys a 10% stake in Weight Watchers ($WTW).