In The 1920s, Wall Street Was A

There Is A Kind Of Fear, Approaching A Panic, That's Spreading Through The Baby Boom Generation, Which Has Suddenly Discovered That It Will Have To Provide For Its Own Retirement.

What I Find Very Interesting About The Mutual Funds Managers Is That Here Are People Who Are The New Masters Of The Universe. They're Managing Billions, Yet They're Subject To This Quiet Daily Tyranny Of Numbers.

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.

That Strategy Of Buy And Hold, Which Is The Sound And Sensible One For The Individual, Can Have Very Dangerous And Perverse Effects For The Market As A Whole.

I'm Dubious About Having Social Security Put Into The Stock Market. I Think That We Have Gotten Very Far Away From The Idea That There's Something Sacrosanct About Retirement Investments.