Review: A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Stock Market History by Diana Henriques presents a “compelling account” of the crash. (WSJ)

Quote of the Day

"Behavior, in business and investing, is the art of putting skills to use."

(Morgan Housel)

Chart of the Day

“Non-crude cashflows drive MLP operating performance, but crude drives investor sentiment. No amount of typing by this blogger will shake the relationship between the prices of MLPs and crude.”