Book list: Cass Sunstein recommends Success and Luck: Good Fortune and the Myth of Meritocracy by Robert H. Frank.  (Bloomberg)

Quote of the Day

"Animal spirits have been awoken in the US stock market. It may not last long, but it’s undeniable."

(Joshua Brown)

Chart of the Day

Why you shouldn’t expect much from a 60/40 portfolio going forward.

(econompicdata.blogspot.com)