Book list: “40 books every self-respecting investor needs to read” by Michael Batnick including The Most Important Thing by Howard Marks.  (Marketwatch)

Quote of the Day

"Sometimes you just need to get the deal done. When you are burning through cash and need to finance your company, the terms might suck, but the cash doesn’t. So you do the deal and live to fight another day."

(Fred Wilson)

Chart of the Day

“Square’s $9-a-Share Price Deals Blow to IPO Market”

“Square is soaring — and it could mean more IPOs are coming”

Twelve hours apart.