Book notes: Insights from John Pollock’s Shortcut: How Analogies Reveal Connections, Spark Innovation, and Sell Our Greatest Ideas. (Farnam Street)
Quote of the Day
"Picking market-beating stocks is hard. Picking the people who can pick market-beating stocks is at least as hard. And picking funds that can pick people who can pick market-beating stocks may be the hardest of all."(Jason Zweig)
Chart of the Day
On the puzzling divergence between stocks and leveraged loans.