Review: Jonathan Dee’s new novel The Locals is a ‘pitch perfect’ look at a hedge fund manager.  (Institutional Investor)

Quote of the Day

"Strict rules-based investing is simple in concept but often difficult in practice. However, bad investment decisions very often result from allowing our emotions to overrule the basic mechanics that guide risk/reward."

(Urban Carmel)

Chart of the Day

Americans have stopped saving (again).