Book excerpt: Ten great definitions for passive investors from Jason Zweig’s The Devil’s Financial Dictionary.  (Monevator)

Quote of the Day

"The idea that the efficacy of momentum would decay over time shouldn’t come as a surprise. How could it not decay? For a strategy to retain outperformance, there have to be barriers to entry that prevent its widespread adoption."


Chart of the Day

You can’t trade solar stocks without following Congress.