Notes: Derek Thompson’s Hit Makers: The Science of Popularity in an Age of Distraction explores what makes a hit song, book or TV show. (Marginal Revolution)

Quote of the Day

"There is deep disenchantment with hedge funds among large investors. People have been paying extremely high fees for very poor performance — performance even a zero fee wouldn’t justify."

(Jack Bogle)

Chart of the Day

What experience teaches us about forecasting the stock market. (via @awealthofcs)