Writing About Dead White Males Seems To

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

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.

A Lot Of The Money In The Stock Market Is Really Our National Retirement Plan, For Better Or Worse.

I Have Developed A Very Strong Partiality For The Dead: They Don't Talk Back, They Don't Sue, And They Don't Have Angry Relatives.

In The 1970s We Saw A Massive Shift Of Household Savings From The Banks To The Brokerage Firms.