In The 1970s We Saw A Massive

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.

After 1929, So Many People Had Been Traumatized By The Stock Market Crash That There Was A Lost Generation.

In Waiting For The Glorious Moment Of That First Book Contract, Writers Must Have Giant Reservoirs Of Patience. Yet They Must Persevere Because They Don't Know The Destiny That Is Being Worked Out For Them. They Creep Humbly Along The Ground, Without The Spacious Aerial Vision Of Their Lives That Would Show Them The Destiny In Store For Them.

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.

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.