Book review: The Golden Rules: 10 Steps to World-Class Excellence in Your Life and Work by Bob Bowman and Charles Butler on controlling what you can.  (Reading the Markets)

Quote of the Day

"In summary: nothing about running a hedge fund business today is easy. There is pressure on top line. There is pressure on costs. Client service is becoming more onerous. There is pressure from regulators. Hedge funds are just in a difficult place right now."

(Geoff Bamber)

Chart of the Day

Companies are building cash balances but debt is increasing even faster.