Review: Harriman’s New Book of Investing Rules: The Do’s & Don’ts of the World’s Best Investors, edited by Christopher Parker, is a “smorgasbord of ideas from which the reader can pick and choose.”  (Reading the Markets)

Quote of the Day

"If you’re going to act on a problem that is monstrously complex and uncertain, the stripped-down, rules-of-thumb response is not only good enough. It can be superior to tripping over yourself in pursuit of something that appears marginally more accurate."

(Morgan Housel)

Chart of the Day

Emerging markets are not a static thing.