The Mutual Fund Industry And Small Investors

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.)

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.

Mutual Funds Have Historically Offered Safety And Diversification. And They Spare You The Responsibility Of Picking Individual Stocks.

Washington Once Advised His Adopted Grandson That Where There Is No Occasion For Expressing An Opinion, It Is Best To Be Silent. For There Is Nothing More Certain Than That It Is At All Times More Easy To Make Enemies Than Friends.

We Really Haven't Had Very Much Experience With People Funding Their Retirement Out Of The Stock Market, And We Don't Know, Frankly, How It Would Work Under Every Scenario.