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The funds would focus, not on hot sectors of the market, but on the total market itself. ... and the travail of the great crash that followed, came the creation of the Vanguard Group of Investment Companies. ... But the crowd was reminded of its sins by crusty New Englander David Babson, who described the stock market of the day as a€œa national craps game. ... a€œgotten sucked into speculation, a€ reading off a list, name by name, of oncevaunted stocks that had plummeted in price (from 80 toanbsp;...

Author: Adam Smith
Publisher:John Wiley & Sons - 2010-12-23

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