Book recommendation: A lot of analysts really like Jeff Gramm’s Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism. (@ManualofIdeas)

Quote of the Day

"Markets look phenomenal and rewarding when you zoom out, because they are. But people don't live zoomed out. They live day to day, month to month, brokerage statement to brokerage statement, where even the best of times come with the constant sting of reminding you that markets owe you nothing without requiring patience and endurance in return."

(Morgan Housel)

Chart of the Day

Individual US stock performance is not normally distributed.