Book notes: Why you want to live around smart people. Insights from Garett Jones’ Hive Mind: How Your Nation’s IQ Matters So Much More Than Your Own.  (Quartz)

Quote of the Day

"If you're not developing things, breaking things, and using your frustration to make things better, you're moving too slow. Real failure occurs when markets change faster than we do."

(Brett Steenbarger)

Chart of the Day

Emerging markets are back to 2009 levels.