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 p….

I'm a biographer; I can live with a little hyperbole..

The history of Wall Street is inseparable from New York..

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billio….

There is no country in the world where it's as easy to find venture capital in the stock market as the United States..

In waiting for the glorious moment of that first book contract, writers must have giant reservoirs of patience. Yet they must persevere because they ….

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would wor….

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. The….

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

In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over informa….

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

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..

A romantic striving for an impossible ideal..

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

The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedie….

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity..

One of the special characteristics of New York is that it is different from a London or a Paris because it's the financial capital, and the cultural ….

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..

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 t….

Early on, New York already had a national and even international identity..