Notes: In praise of the liberal arts degree from George Anders’ You Can Do Anything: The Surprising Power of a “Useless” Liberal Arts Education and Randall Stross’ A Practical Education: Why Liberal Arts Majors Make Great Employees. (NYTimes)
Quote of the Day
"Like climate change, the forces driving investors to passive investing may be too far along to turn back. The velocity toward index-driven dystopia appears to be increasing."(Stephen Gandel)
Chart of the Day
Home equity loans are on the rise but are still well below bubble levels.