Book notes: Cullen Roche says The Devil’s Financial Dictionary by Jason Zweig is “witty and brilliant.” (Pragmatic Capitalism)

Quote of the Day

"I used to think being great at investing long-term was about genius...Genius is still good, but more and more I think it's about doing something reasonable, that makes sense, and then sticking to it with incredible fortitude through the tough times."

(Cliff Asness)

Chart of the Day

Growth has been crushing value YTD.