Book review: Thomas Kirchner author of Merger Arbitrage: How to Profit from Global Event-Driven Arbitrage “describes the ins and outs of mergers in easily understandable prose.”  (Reading the Markets)

Quote of the Day

"Every financial crisis is different. Because of that, we cannot apply lessons from the past to learn about the future. Nor we can look to those who made the right call last time."

(John Rekenthaler)

Chart of the Day

WisdomTree’s ($WETF) fund concentration is coming back to hurt its prospects.