Recommendation: Fred Wilson, “If you like math, cards, and/or investing, I am sure you will enjoy this book [Ed Thorpe’s A Man For All Markets] as much as I am.”  (A VC)

Quote of the Day

"If you want to protect on the downside, you have to be willing to be wrong, early and often. There is no other way. You have to accept that the rain may never come."

(Charlie Bilello)

Chart of the Day

The stars are aligning for value outperformance relative to growth.