Book review: Wall Street Potholes: Insights from Top Money Managers on Avoiding Dangerous Products by Simon Lack is “well researched and well written.”  (Enterprising Investor)

Quote of the Day

"(L)ife becomes a tightrope walk in which you never actually see the rope...Faith moves us forward; skeptical critical thinking keeps us balanced."

(Gary Taubes)

Chart of the Day

The volatility of volatility is pretty tepid.