Book review: Garett Jones’ Hive Mind: How Your Nation’s IQ Matters So Much More Than Your Own is a “wonderful book.”  (EconLog)

Quote of the Day

"Still, if this [Square] IPO proves anything, it's that valuing companies is hard...Pricing a private fundraising round is a mystery, but pricing a public offering is also a mystery."

(Matt Levine)

Chart of the Day

Why Nike ($NKE) should buy Lululemon ($LULU).