Best of: The best books Ben read in 2016 including Judd Apatow’s Sick in the Head: Conversations About Life and Comedy.  (A Wealth of Common Sense)

Quote of the Day

"We’ve had the theory behind factors for decades. The ETF is just the technology that allows you to implement it in practice."

(Dan Draper)

Chart of the Day

Another year, another disappointing year for hedge funds.