Review: Money Machine: The Surprisingly Simple Power of Value Investing by Gary Smith whose “writing is clear and often clever.”  (NYTimes)

Quote of the Day

"(T)he large majority of stocks don’t do much of anything, and a tiny portion of homerun stocks make up for the entire gain. The numbers are pretty extraordinary."

(Eddy Elfenbein)

Chart of the Day

The VIX…still pretty darn low.