The Best Argument For Mutual

That Strategy Of Buy And Hold, Which Is The Sound And Sensible One For The Individual, Can Have Very Dangerous And Perverse Effects For The Market As A Whole.

Mutual Fund Managers Are Trapped In This Rather Deadly Vicious Circle: The More Successful They Are, The More Money Flows Into Their Mutual Fund. Then, It Is More Difficult For Them To Beat The Market Averages Or Even To Match Their Own Past Performance.

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

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.

Hamilton Had One Of Those Extraordinary 18th-century Minds That Touched On Virtually Every Major Topic Of The Day.