Review: Larry Swedroe and Andrew Berkin’s Your Complete Guide to Factor-Based Investing does a great job covering the factor landscape. (Alpha Architect)

Quote of the Day

"Thorp thinks independently, without a lot of deference to received authority. But he seldom spouts off about anything. To him, ideas are meant to be tested -- even when the testing can be arduous or even a little dangerous."

(Justin Fox)

Chart of the Day

Indexing is taking over the bond market, as well.