Review: Octopuses have been here on Earth 1000 times as long as humans. A nice review of The Octopus, the Sea, and the Deep Origins of Consciousness by Peter Godfrey-Smith.  (NYTimes)

Quote of the Day

"Until managers cut costs further, investors will—and should—continue to desert them. Fulcrum fees are an old idea whose time has come again."

(Jason Zweig)

Chart of the Day

Conditions have been unfavorable for stockpicking for some time now.