Recommendation: Brad Feld writes “Several people recommended Ray Dalio’s book Principles: Life and Work to me. I read it a few days ago and thought it was spectacular.”  (Brad Feld)

Quote of the Day

"This is a lesson to us all. It’s very easy to scoff at past bubbles; it is not so easy to know how to react when one may — or may not — be surrounded by one."

(Tim Harford)

Chart of the Day

Banks are big part of Berkshire Hathaway’s ($BRKA) sprawling portfolio.