Recommendation: Charles C. Mann’s The Wizard and the Prophet: Two Remarkable Scientists and Their Dueling Visions to Shape Tomorrow’s World will end up as one of the year’s best books.  (Marginal Revolution)

Quote of the Day

"Your portfolio is a bowl of soup of random investments, seemingly cobbled together over time."

(Meb Faber)

Chart of the Day

Emerging market equities are no longer wicked cheap.