I'm a biographer; I can live with a little hyperbole.

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

I live in a constant state of hyperbole.

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.

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.

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.