Book review: So You Want To Start A Hedge Fund by Ted Seides “offers a very high insights-gleaned to time-spent ratio.” (Market Folly)

Quote of the Day

"Email was never intended as a platform for doing work. It has no intelligence. There’s no prioritization. It lands in your inbox chronologically. And yet, when you’re replying to or sending email, you feel busy. You feel like you’re doing something. But are you really? When you’re reacting to email, someone else is setting your priorities."

(Mercedes De Luca)

Chart of the Day

Payout ratios are on the rise.