Book review: Money Changes Everything: How Finance Made Civilization Possible by William Goetzmann is “rigorously researched and extremely enjoyable to read..” (Enterprising Investor)
Quote of the Day
"I don't believe that the hedge fund industry will go away, but in order for the very best managers to shine again in a reliable fashion, it probably needs to shrink. The good news is that this process is already underway. The bad news is that it doesn't look pretty or feel good while in progress."(Joshua Brown)
Chart of the Day
As heavy truck sales go, so goes the economy.