I Have Developed A Very Strong Partiality

We Really Haven't Had Very Much Experience With People Funding Their Retirement Out Of The Stock Market, And We Don't Know, Frankly, How It Would Work Under Every Scenario.

Mutual Fund Managers Are Trapped In This Rather Deadly Vicious Circle: The More Successful They Are, The More Money Flows Into Their Mutual Fund. Then, It Is More Difficult For Them To Beat The Market Averages Or Even To Match Their Own Past Performance.

I Think There's A Tide That Tends To Carry Historians Back To The Past.

In The 1920s, Wall Street Was A World That Was Really Dominated By Professional Speculators And Stock Pools. These People Had A Monopoly Over Information.

The Securities Laws Of The 1930s Were So Important Because It Forced Companies To File Registration Statements And Issue Prospectuses, And It Remedied The Imbalance Of Information.