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.

Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.

I'm a biographer; I can live with a little hyperbole.

There is no country in the world where it's as easy to find venture capital in the stock market as the United States.

There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.

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.

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.

The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information.

Early on, New York already had a national and even international identity.

Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.

A large income is the best recipe for happiness I ever heard of.

When the going gets tough, the tough get going

God chooses the weak to qualify for His purpose.

Innocence most often is a good fortune and not a virtue.

There's never been a good government.

I came into the world a Jew, and although I did not live my life entirely as a Jew, I think it is fitting that I should leave as a Jew. I don't want to ... turn my back on a great and noble heritage.

When you are nice to people, they bring their A-game.

If only Africa had more mosquito nets then every year we could save millions of mosquitoes from dying needlessly of aids.

Only by obedience to his genius; only by the freest activity in the way constitutional to him, does an angel seem to arise beforea man, and lead him by the hand out of all the wards of the prison.

They hear a voice in every wind, And snatch a fearful joy.