Book list: Understanding Fed speak including Robert Gordon’s The Rise and Fall of American Growth.  (Bloomberg)

Quote of the Day

"Sophisticated minds are often drawn to unsolvable puzzles. Organizations that pride themselves on intellectual capital can be easily tempted into overly complicated investments when a tantalizing riddle presents itself."

(Josh Brown)

Chart of the Day

The power of reinvested dividends illustrated.

(bespokepremium.com)