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I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification. ↗
If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals. ↗
There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement. ↗
#baby #boom #discovered #fear #generation
I have a little history. I met Stone Temple Pilots, and their guitar player was a huge Extreme fan. Somewhere down the road, Extreme made its statement. ↗
