I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons.

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

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.

A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.

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

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

Early on, New York already had a national and even international identity.