Mutual Fund Managers Are Trapped In This

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.

As The Bull Market Goes On, People Who Take Great Risks Achieve Great Rewards, Seemingly Without Punishment. It's Like Crime Without Punishment Or Sex Without Sin.

I'm A Biographer; I Can Live With A Little Hyperbole.

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.

There Is A Kind Of Fear, Approaching A Panic, That's Spreading Through The Baby Boom Generation, Which Has Suddenly Discovered That It Will Have To Provide For Its Own Retirement.