Book review: On the pleasure of reading ‘shareholder poison pens’ from Jeff Gramm’s Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism.  (Reading the Markets)

Quote of the Day

"[E]quity is completely different from other classes of investments. It’s the only one that captures human ingenuity, which is the ultimate asset."

(Eddy Elfeinbein)

Chart of the Day

The stock market is chopping around.