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

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

A lot of the money in the stock market is really our national retirement plan, for better or worse.

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

If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.

Washington once advised his adopted grandson that where there is no occasion for expressing an opinion, it is best to be silent. For there is nothing more certain than that it is at all times more easy to make enemies than friends.

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