Book notes: Weapons of Math Destruction by Cathy O’Neil is a “frightening look at the risks of the algorithms that regulate our lives..”  (NYTimes)

Quote of the Day

"If you’re a purveyor of high-cost, high-tax, high-transaction, high-bullshit, wannabe macro-genius strategies, you might want to look into the things you have so much to say about before mocking others who are doing the best they can to save and invest rationally."

(Josh Brown)

Chart of the Day

Investors have not taken advantage of the returns to the First Trust Dorsey Wright Focus 5 ETF ($FV).