When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had finally been punished for their wicked ways.

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.

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

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.

The history of Wall Street is inseparable from New York.

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.

A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.