Book review: The Confidence Game: Why We Fall For It…Every Time by Maria Konnikova is a “gem of a book.”  (Brain Drain)

Quote of the Day

"Should you ever listen to pessimists? Of course. They're the best indication of what's unsustainable, and thus probably about to change, and thus the soil of what's to be optimistic about."

(Morgan Housel)

Chart of the Day

The stock market is sitting at an “obvious support level.”