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

Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Stock 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.

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.

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