I'm A Biographer; I Can Live With

Stock Market Corrections, Although Painful At The Time, Are Actually A Very Healthy Part Of The Whole Mechanism, Because There Are Always Speculative Excesses That Develop, Particularly During The Long Bull Market.

Mutual Funds Have Historically Offered Safety And Diversification. And They Spare You The Responsibility Of Picking Individual Stocks.

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.

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.

A Lot Of The Money In The Stock Market Is Really Our National Retirement Plan, For Better Or Worse.