Book notes: Lessons learned from 101 Things I Learned in Business School by Matthew Frederick and Michael Preis.  (Farnam Street)

Quote of the Day

"Of course, like "recession" or "first marriage," a "bull market" is only declared and dated in retrospect."

(Michael Santoli)

Chart of the Day

Seven years ago the S&P 500 closed at a 12-year low.

(crossingwallstreet.com)