Book reviews: Two rave reviews for The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike and A Gentleman in Moscow by Amor Towles.  (MFO)

Quote of the Day

“The best of all monopoly profits,” the Nobel laureate John Hicks once said, “is a quiet life.” But life can never be quiet in the high tech industries as long as technologies continue to advance, innovation continues to thrive and consumers continue to have so much choice."

(Hal Varian)

Chart of the Day

Individual ownership of stocks has been on decline for decades.