Early on, New York already had a national and even international identity.

You don't want too much fear in a market, because people will be blinded to some very good buying opportunities. You don't want too much complacency because people will be blinded to some risk.

Early on, New York already had a national and even international identity.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.

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.

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.