List: The best books on financial history including The Panic of 1907: Lessons Learned From the Market’s Perfect Storm by Robert Bruner and Stan Carr.  (A Wealth of Common Sense

Quote of the Day

"Jeff Bezos picked off the bookstore business. Apple totally picked off the music business and Netflix totally changed television. Now [machine learning] is going to pick off the hedge funds."

(Jeff Tarrant of Protégé Partners)

Chart of the Day

The transport stocks are looking a little tired.