The Best Argument For Mutual Funds Is

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.

A Romantic Striving For An Impossible Ideal.

A Crash Really Occurs When You Suddenly Have A Violent Downturn In The Market That Then Heralds A Long Bull Market.

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.

The Great Inflation Of The 1970s Destroyed Faith In Paper Assets, Because If You Held A Bond, Suddenly The Bond Was Worth Much Less Money Than It Was Before.