Muchos gracias to my new friend Miguel Jaureguizar of Madrid, Spain who has taken my Twenty Common Sense Investing Rules and translated them into Spanish for his blog.

Highlights from the Online Financial Services Symposium.

“This is arguably the iconic chart of the recovery. It shows corporate government and personal consumption (red) hitting brand new highs, while total employment (blue) lags badly from old highs.”

Something about this day, man.

Stop whatever you’re doing and read this excellent profile of Ray Dalio (Bridgewater), the most successful asset manager alive.  He is a machine that generates alpha and The Economist perfectly captures what makes him so fascinating: “THE most beautiful deleveraging yet seen” is how Ray Dalio describes what is now going on in America’s economy….

Video.

When something happens three times, it’s a trend.

and in the end…

What a day.