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

"The active money management industry will have to consolidate -- and depending on how fast the market drops it could happen in a hurry -- in order to gain scale and be able to compete with the likes of Vanguard."

(Eric Balchunas)

Chart of the Day

The 1-year Treasury bill now yields more than the S&P 500.