Book Q&A: Cinthia Murphy talks with Meb Faber about hedge fund closing and his new book Invest With the House: Hacking the Top Hedge Funds. (ETF)

Quote of the Day

"A diversified strategic portfolio is at all times selling hubris and buying humiliation. It’s not fun while you’re doing it, but it looks great at cycle’s end, when everyone else seems to have been doing the opposite."

(Josh Brown)

Chart of the Day

Measures of US financial stress are on the rise.