In The 1970s We Saw A Massive

The American Public Historically Was Really Not Part Of The Stock Market.

A Romantic Striving For An Impossible Ideal.

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

Once The Brokerage House, Rather Than The Bank, Became The Locus For American Savings, That Money Would Find Its Way Into The Stock Market, Because The Broker Was Someone With A Much Higher Tolerance For Risk Than The Banker.