In The 1970s We Saw A Massive

If You Go Back To The Time Of J.p. Morgan, The World Of High Finance Was Completely Wholesale. The Prestigious Investment Banks On Wall Street Appealed Exclusively To Large Corporations, Governments, And To Extremely Wealthy Individuals.

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.

By The Late 1980s People Realized That Houses Did Not Always Appreciate And That They Could Fluctuate Like Any Other Market Commodity.

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.

One Of The Special Characteristics Of New York Is That It Is Different From A London Or A Paris Because It's The Financial Capital, And The Cultural Capital, But Not The Political Capital.