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

Unless you devote an enormous amount of time to anticipating the future, you won't have any future..

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….

You don't want too much fear in a market, because people will be blinded to some very good buying opportunities. You don't want too much complacency ….

The American public historically was really not part of the stock market..

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

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 ass….

That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as….

The richly cadenced prose is hypnotic, the research prodigious, the analysis acute, the mood spellbinding, and the cast of characters mythic in scale….

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 o….

If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appeal….

Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventor….

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

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..

As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or se….

When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had ….

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

Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative….

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 com….

As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a fin….

I think there's a tide that tends to carry historians back to the past..