Review: Part one of a positive review of The End of Accounting and the Path Forward for Investors and Managers by Baruch Lev and Feng Gu.  (Chicago Boyz)

Quote of the Day

"Just as a stock market investor has to be willing to cut loose a failed thesis fast, so too for any view on what’s happening in tech."

(Benedict Evans)

Chart of the Day

“iOS will have generated over $1 trillion in revenues for Apple sometime this year.”

(asymco.com)