Review: In 200 pages Benjamin C. Waterhouse’s book The Land of Enterprise: A Business History of the United States ably takes you through the history of US business.  (Reading the Markets)

Quote of the Day

"Equities can compound in value in a way that investments in other asset classes, such as bonds and real estate, cannot. The reason for this is quite simple: companies retain a portion of the profits they generate to reinvest in the business."

(Terry Smith)

Chart of the Day

Muni bonds are on a roll.