In The 1920s You Could Buy Stocks

In The 1970s We Saw A Massive Shift Of Household Savings From The Banks To The Brokerage Firms.

A Crash Really Occurs When You Suddenly Have A Violent Downturn In The Market That Then Heralds A Long Bull Market.

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.

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 Billions, Yet They're Subject To This Quiet Daily Tyranny Of Numbers.

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 Comes.