Recommendation: The Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai is an “entertaining quest.”  (FT)

Quote of the Day

"Despite easy access to mountains of financial data and vast computing power to process it, investing remains a stubbornly superstitious and emotional pursuit."

(Nir Kaissar)

Chart of the Day

The Citibank Economic Surprise Index for the US is set to turn back up. (via @LizAnnSonders)