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.

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

I'm a biographer; I can live with a little hyperbole.

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 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.

The American public historically was really not part of the stock market.

Unless you devote an enormous amount of time to anticipating the future, you won't have any future.