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.

That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.

When I was a deacon, the ominous signs of the Great Depression began to appear. Tens of thousands lost their jobs. Money was scarce. Families had to do without. Some young people did not ask their mothers, 'What's for dinner?' because they knew all too well that their cupboards held very little.

Every accountable child of God needs to set goals, short- and long-range goals. A man who is pressing forward to accomplish worthy goals can soon put despondency under his feet, and once a goal is accomplished, others can be set up.

A part of me looks at life from a dismal perspective, not unlike Woody Allen and Larry David. But I don't want to look at life like that. It's bad enough that I have to think it. What works for me is writing against that view. There is God, there is love, there is greatness, there is a plan, and there is beauty.

While we are clear that it is right that those who work hard, generate wealth and create jobs for our country are rewarded, where failure is rewarded or people award themselves huge pay rises that bear no relation to performance or what their companies can bear, trust is severely undermined.