Payoff: The Hidden Logic That Shapes Our Motivation by Dan Ariely shows that “gratitude and compliments” are better motivators than money.  (FT)

Quote of the Day

"The people who add the most to financial journalism are those who would be writing the same stuff even if no one were reading. They just love what they do, and passion is more powerful than a profit motive."

(Morgan Housel)

Chart of the Day

Putting the drop in bond prices in perspective.