One Of The Very Nice Things About

I'm A Biographer; I Can Live With A Little Hyperbole.

By The Late 1980s People Realized That Houses Did Not Always Appreciate And That They Could Fluctuate Like Any Other Market Commodity.

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.

If You Go Back To The Time Of J.p. Morgan, The World Of High Finance Was Completely Wholesale. The Prestigious Investment Banks On Wall Street Appealed Exclusively To Large Corporations, Governments, And To Extremely Wealthy Individuals.

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.