Book notes: The FinTech Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries edited by Susanne Chishti and Janos Barberis is an “idea book.”  (Reading the Markets)

Quote of the Day

"Academic courses in finance, accounting and business strategy are all important to a foundational understanding of financial markets. Those subjects you can indeed learn in school. But only with time and the experience of putting real money at risk do you come to realize that financial markets can be a humbling experience...High IQs don’t guarantee high returns."

(Gatis Roze)

Chart of the Day

The Treasury yield curve is flattening.