Writing About Dead White Males Seems To

I Don't Think That A Mutual Fund That Invests Exclusively In Biotech Start-ups Or Invests Exclusively In Companies In Thailand Offers Any Great Safety Or Diversification.

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.

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.

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

In The 1920s You Could Buy Stocks On Margin. You Could Put 10 Percent Down And Borrow The Rest Against Your Stocks.