Book review: Payoff: The Hidden Logic That Shapes Our Motivation by Dan Ariely is a “good and interesting read.”  (value and opportunity)

Quote of the Day

"So, if you feel inclined to buy a petite, high-cost fund that holds securities whose names you cannot pronounce, it's probably best to lie on the couch until the urge passes."

(John Rekenthaler)

Chart of the Day

The trading volume in $VIX-related ETPs has surged in 2016.