The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.

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

Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.

The richly cadenced prose is hypnotic, the research prodigious, the analysis acute, the mood spellbinding, and the cast of characters mythic in scale. I cannot conceive of a better book about Capitol Hill. An unforgettable, epic achievement in the art of biography.

In waiting for the glorious moment of that first book contract, writers must have giant reservoirs of patience. Yet they must persevere because they don't know the destiny that is being worked out for them. They creep humbly along the ground, without the spacious aerial vision of their lives that would show them the destiny in store for them.

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.

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