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I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.
Ron Chernow
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7 Comments
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I have developed a very strong partiality for the dead: they don't talk back, they don't sue, and they don't have angry relatives.
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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.
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Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.
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By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.
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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.
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As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or sex without sin.
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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.
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