Book review: Another rave review for the “surprisingly well-written” memoir by Phil Knight, Shoe Dog.  (Value and Opportunity)

Quote of the Day

"The upshot of all that asymmetric information, which is a nothing more than a nuisance in most markets, is at the core of finance. It’s key to the way traders, including high-frequency traders, make their profits."

(Noah Smith)

Chart of the Day

The productivity slowdown is unrelenting.