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.

Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.

In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.

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

That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

A lot of the money in the stock market is really our national retirement plan, for better or worse.