Review: Nassim Taleb’s Skin in the Game: Hidden Asymmetries in Daily Life is “grandiose, tendentious and insulting” but entertaining.  (FT)

Quote of the Day

"If we compared everything to all other things, we would consider our opportunity costs and all would be well. But we don’t. We compare the item to only one other (sometimes two). This is when relativity can fool us."

(Dan Ariely and Jeff Kreisler)

Chart of the Day

The yield on the 10 year Treasury bond has nearly doubled off the bottom.