The American Public Historically Was

After 1929, So Many People Had Been Traumatized By The Stock Market Crash That There Was A Lost Generation.

The Mutual Fund Industry And Small Investors Are Very Relentless And Very Unforgiving If People Don't Perform.

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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.

One Of The Special Characteristics Of New York Is That It Is Different From A London Or A Paris Because It's The Financial Capital, And The Cultural Capital, But Not The Political Capital.