Recommendation: Hitting close to home, a look at John Hodgman’s new memoir Vacationland: True Stories from Painful Beaches.  (kottke)

Quote of the Day

"There is an element of reductio ad absurdum about the anti-passive arguments. Yes, if the market was 100% owned by index funds, that would be a problem. And if there were no crime, policemen would be out of work. But we are nowhere near that point. Stop worrying and enjoy the low fees."

(The Economist)

Chart of the Day

Market returns are almost never “average.”