Book notes: Yefei Lu’s Inside the Investments of Warren Buffett: Twenty Cases takes a case study approach to Berkshire Hathaway.  (Reading the Markets)

Quote of the Day

"When I think of investing and trading, I think marathon, not sprint.  There is no “instant gratification” in this endeavor.  It is a craft refined over a long time. "

(Kevin Lane)

Chart of the Day

Congrats to the Nasdaq Composite for reaching all-time highs.