We Really Haven't Had Very Much Experience

The History Of Wall Street Is Inseparable From New York.

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.

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.

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.

A Prudent Silence Will Frequently Be Taken For Wisdom And A Sentence Or Two Cautiously Thrown In Will Sometimes Gain The Palm Of Knowledge, While A Man Well Informed But Indiscreet And Unreserved Will Not Uncommonly Talk Himself Out Of All Consideration And Weight. (alexander Hamilton's 'thesis On Discretion' Written To His Son James Shortly Before His Fatal Duel With Burr.)