Book notes: For the Warren Buffett/Charlie Munger completist: The Buffett Essays Symposium: A 20th Anniversary Annotated Transcript by Lawrence A. Cunningham.  (Reading the Markets)

Quote of the Day

"Unpredictable volatility makes investors more susceptible to the “freakout factor”—when they suffer a loss big enough in their portfolio that it triggers an emotional, and often unproductive, move."

(Andrew Lo)