The Securities Laws Of The 1930s Were

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

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.

Early On, New York Already Had A National And Even International Identity.

You Don't Want Too Much Fear In A Market, Because People Will Be Blinded To Some Very Good Buying Opportunities. You Don't Want Too Much Complacency Because People Will Be Blinded To Some Risk.

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.