The American Public Historically Was

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.

What I Find Very Interesting About The Mutual Funds Managers Is That Here Are People Who Are The New Masters Of The Universe. They're Managing Billions, Yet They're Subject To This Quiet Daily Tyranny Of Numbers.

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.

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

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.