Quote of the Day

“Many of these [pension funds for public employees] funds are woefully underfunded, in part because they have suffered a double whammy: poor investment performance accompanied by huge fees. The resulting shortfalls in their assets will for decades have to be made up by local taxpayers.

(Warren Buffett)

Chart of the Day

Sentiment is elevated no matter how you slice it.

(disciplinedinvesting.blogspot.com)