Book review: Tim Harford’s Messy: The Power of Disorder to Transform Our Lives is a “wonderful book that challenges the “good housekeeping” approach to life. It’s well worth a read.” (Reading the Markets)

Quote of the Day

"It’s hard to know the difference between “I was wrong” and “The odds were in my favor but it just didn’t work out.”

(Morgan Housel)

Chart of the Day

Downside protection is historically expensive.