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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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"It's not about whether or not someone is a bigot, but whether or not the argument which that someone is arguing is worth being a bigot about."
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Personal Development
"In Vegas, I got into a long argument with the man at the roulette wheel over what I considered to be an odd number."
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Personal Development
"You take the words in the sense which is most damaging to the argument."
Author Name
Personal Development
"The sounder your argument, the more satisfaction you get out of it."
Author Name
Personal Development
"I became the stage for the great argument between Nietzsche and Rousseau. I was the extra ready to take on all the roles."
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Personal Development
"Most of the arguments to which I am party fall somewhat short of being impressive, owing to the fact that neither I nor my opponent knows what we are talking about."
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Personal Development
"We go round and round trying to convince one another that our opinion makes more sense. And the only winner is time for making us look like fools by wasting it."
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Personal Development
"They believed that Britain was in Ireland defending their own interests, therefore the Irish had the right to use violence to put them out. My argument was that that type of thinking was out of date."
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Personal Development
"Behind every argument is someone's ignorance."
Author Name
Personal Development
"To make the argument that the media has a left- or right-wing, or a liberal or a conservative bias, is like asking if the problem with Al-Qaeda is do they use too much oil in their hummus."
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"After 1929, so many people had been traumatized by the stock market crash that there was a lost generation."
People
"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."
Information
"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."
Fear
"In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information."
People
"Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks."
Responsibility
"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."
Money
"In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms."
Finance
"The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification."
Argument
"I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments."
Creativity
"By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity."
People
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