Come see me (and the likes of Ken Fisher, Annie Duke and Ryan Holiday) at EBI West in June 24-26th in Dana Point, California. You will not be disappointed.

Quote of the Day

"Eventually, it seems likely that a new consensus will replace the EMH -- that the market is a complex ecosystem of hundreds or thousands of imperfections, offering clever investors plenty of opportunities to make money in the short term, but that these mispricings are constantly shifting, appearing and disappearing as investors chase them and trade them away."

(Noah Smith)

Chart of the Day

Investors continue to shift from high-cost mutual funds to low-cost funds.