The American Public Historically Was Really Not

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

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

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.

As A Bull Market Continues, Almost Anything You Buy Goes Up. It Makes You Feel That Investing In Stocks Is A Very Easy And Safe And That You're A Financial Genius.

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.