Book review: Four lessons from Guy Spier’s The Education of a Value Investor.  (Four Minute Books)

Quote of the Day

"Most of what’s called smart beta, in my opinion, is just marketing hype. Beta is just beta, or loading on some common factor. So there’s really nothing smart about it."

(Larry Swedroe)

Chart of the Day

Wind and solar make up 7.2% of US electricity.