Thursday links: hedge fund failures

Quote of the Day

“I don’t believe that the hedge fund industry will go away, but in order for the very best managers to shine again in a reliable fashion, it probably needs to shrink. The good news is that this process is already underway. The bad news is that it doesn’t look pretty or feel good while in progress.”

(Joshua Brown)

Chart of the Day

As heavy truck sales go, so goes the economy.