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Quote of the Day

“It’s not the investment plan that matters, it’s the advisors sharing it.” The greatest plan is useless if the actual participants don’t follow it. Behavior is the edge we can all access, if we can get past the human tendency to give it away.

(Derek Hernquist)

Chart of the Day

Investors are back in love with leveraged loans. (via @FT)

(ft.com)