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"I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons."
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"Children see beauty in everything."

"Mothers care in volumes of tears and earnestness of prayers and a depth of emotion others cannot fathom."

"Never sever ties with a family member you once loved. Each of you might be on different spiritual paths, but both trails are leading you home."

"You are evidence of your mother's strength, especially if you are a rebellious knucklehead and regardless she has always maintained her sanity."

"He described how, as a boy of 14, his dad had been down the mining pit, his uncle had been down the pit, his brother had been down the pit, and of course he would go down the pit."
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"The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before."

"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."

"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."

"As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or sex without sin."

"The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform."

"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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