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

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

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.

In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.

The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.

After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was viewed with a great deal of suspicion because of his association with Tories.