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.

The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions.

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

A romantic striving for an impossible ideal.

Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.

In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.

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