As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.

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.

Knowledge is power, isn't that what we say? But power corrupts. An institution based on knowledge and learning can't help but be a corrupt institution.

There are three things in my life which I really love: God, my family, and baseball. The only problem - once baseball season starts, I change the order around a bit.

I'd love to change the world, but I don't know what to do

Women in London are like the rich silks; they are out of fashion a great while before they wear out.

There's a big difference between guiding and controlling.

Skepticism is history's bedfellow.

I like being full, every day, with stuff that I have to do.

The wise man knows nothing if he cannot benefit from his wisdom. Wisdom is not only to be acquired, but also to be utilized.

Nonviolence is the answer to the crucial political moral questions of our time.

I want people to laugh and cry, not just sit and stare at the TV.