Mutual Funds Give People The Sense That

Unless You Devote An Enormous Amount Of Time To Anticipating The Future, You Won't Have Any Future.

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.

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.)

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.

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.