Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
Ron ChernowStock 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.
Ron ChernowThat 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.
Ron Chernow