Review: Winning the Loser’s Game: Timeless Strategies for Successful Investing, Seventh Edition (2017) by Charles D. Ellis, CFA is still “an investment classic.”  (CFA Institute)

Quote of the Day

"As equity prices go farther beyond tangible net assets and predictable earnings flow, relying more on assumptions of future growth, the market is more risky, not less."

(Aaron Brown)

Chart of the Day

Shopify ($SHOP) is an exceptional business.