Book review: Edward Chancellor’s introduction to Capital Returns: Investing through the Capital Cycle: A Money Manager’s Reports 2002–15 is “worth the price of admission.”  (Enterprising Investor)


Quote of the Day

"There has never been a better time to be an investor. Ever, in history. More people have access to first-class services than ever before. It's so important, and we don't spend enough time realizing how good it is."

(Morgan Housel)

Chart of the Day

Swiss watch exports are in decline.