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

quote by Ron Chernow
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A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.

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In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.

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I think one of the important things that's happened in the course of the century is that life expectancy has doubled.

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

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

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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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When the market is just going up, up, and up, we all tend to be blind to the holes in the market. They're all papered over by the rise.

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The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

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