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.