Reading list: This Time Is Different, by Carmen Reinhart and Kenneth Rogoff; Fault Lines, by Raghuram Rajan; Regulating Wall Street, by Viral Acharya et al.
Best idea: The continued rise of emerging-market economies.
Worst idea: The forecast of a V-shaped recovery for the U.S. economy.
China or India? India, in the long term.
Kindle or iPad? iPad.