Book review: Mark Suster “can’t recommend [Hillbilly Elegy: A Memoir of Family and Culture in Crisis by J.D. Vance] strongly enough.”  (Both Sides of the Table)

Quote of the Day

"Free riding on price signals isn't a bug of capitalism to be exploited by those greedy red indexers; rather, the use of price signals by those who played no role in setting them may be capitalism's most important feature."

(Cliff Asness)

Chart of the Day

Crude oil is tanking again but no one seems to care.