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.

Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

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

I think there's a tide that tends to carry historians back to the past.

In waiting for the glorious moment of that first book contract, writers must have giant reservoirs of patience. Yet they must persevere because they don't know the destiny that is being worked out for them. They creep humbly along the ground, without the spacious aerial vision of their lives that would show them the destiny in store for them.

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