Book review: Heroes and Villains of Finance: The 50 Most Colourful Characters in the History of Finance by A. Baldwin is a mixed bag. (Enterprising Investor)
Quote of the Day
"Decisions made by management today have compounding consequences in the future. It is why – for better or for worse – the most innocuous headlines or statements can have market moving reactions as investors digest and attempt to extrapolate the long-term consequences of the news."(Mike Puangmalai)
Chart of the Day
Investors are swapping futures for ETFs.