Book Q&A: An interview with CIA operative turned novelist Barry Eisler author of Livia Lone.  (Eliot Peper)

Quote of the Day

"Indexing will continue to grow and expand its market share at the expense of the active funds business, but human behavior with its often irrational decision-making, will impose a ceiling below 100%, on the share of investment capital controlled by index managers. That ceiling will ensure well-functioning and efficient capital markets."

(John Bogle)

Chart of the Day

Market timers are pretty darn bullish.