There is no country in the world where it's as easy to find venture capital in the stock market as the United States.

I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.

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.

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

After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was viewed with a great deal of suspicion because of his association with Tories.

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

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.