The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information.

I think there's a tide that tends to carry historians back to the past.

Writing about dead white males seems to be out of favor among academics.

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.

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

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.

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