Book Q&A: Why money (almost) never makes us happy. A talk with Raj Raghunathan author of If You’re So Smart, Why Aren’t You Happy?.  (The Atlantic)

Quote of the Day

"Advisers would do themselves and their clients a big favour by giving up on seeking alpha in all the usual places...It’s time for advisers to realise that they are the alpha — they are what enables an ordinary investor to end up as one of the winners."

(Robin Powell)

Chart of the Day

The NYSE advance-decline lines are showing two different things.