Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker.

Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.

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