Hamilton Had One Of Those Extraordinary 18th-century

The Great Inflation Of The 1970s Destroyed Faith In Paper Assets, Because If You Held A Bond, Suddenly The Bond Was Worth Much Less Money Than It Was Before.

Once The Brokerage House, Rather Than The Bank, Became The Locus For American Savings, That Money Would Find Its Way Into The Stock Market, Because The Broker Was Someone With A Much Higher Tolerance For Risk Than The Banker.

The American Public Historically Was Really Not Part Of The Stock Market.

I Have Developed A Very Strong Partiality For The Dead: They Don't Talk Back, They Don't Sue, And They Don't Have Angry Relatives.

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.