Book notes: Meb Faber’s Investing With the House: Hacking the Top Hedge Funds is a good introduction to hedge fund cloning.  (CXOAG)

Quote of the Day

"People tend to underestimate the importance of saving when constructing an investment plan. Saving becomes even more important when markets fall."

(Ben Carlson)

Chart of the Day

A periodic table of commodity returns. (via @ritholtz)