Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

The history of Wall Street is inseparable from New York.

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.

The American public historically was really not part of the stock market.

Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.

I'm a biographer; I can live with a little hyperbole.