One Of The Special Characteristics Of New

Because Of The Love Affair Between The American Public And The Stock Market, It Is Possible For Entrepreneurs, Technological Visionaries And Inventors Of Every Sort To Get Financing.

The American Public Historically Was Really Not Part Of The Stock 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.

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 The Broker Was Someone With A Much Higher Tolerance For Risk Than The Banker.

I Don't Think That A Mutual Fund That Invests Exclusively In Biotech Start-ups Or Invests Exclusively In Companies In Thailand Offers Any Great Safety Or Diversification.