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.

A Prudent Silence Will Frequently Be Taken For Wisdom And A Sentence Or Two Cautiously Thrown In Will Sometimes Gain The Palm Of Knowledge, While A Man Well Informed But Indiscreet And Unreserved Will Not Uncommonly Talk Himself Out Of All Consideration And Weight. (alexander Hamilton's 'thesis On Discretion' Written To His Son James Shortly Before His Fatal Duel With Burr.)

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.

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 Work Under Every Scenario.

The Securities Laws Of The 1930s Were So Important Because It Forced Companies To File Registration Statements And Issue Prospectuses, And It Remedied The Imbalance Of Information.