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Quote of the Day

"Although the word “degenerate” is too harsh a term for value stocks, the same underlying principles apply. In both scenarios, an asset’s price has been heavily influenced by the opinions and biases of humans, rather than its intrinsic worth."

(Jamie Catherwood)

Chart of the Day

Coffee (and sugar) prices are at a decade low. (chart via Finviz)

(wsj.com)