You don't have to be penniless, but you have to show why you can't pay. We look at the facts and circumstances of each case.

Everyone recognizes that investors need to know certain key facts and concepts, but it is important that they learn the behavioral process of investing -- such as checking the background of a stockbroker or investment adviser -- that may prove to be just as critical to their success in the long run.

We all recognize that investors need to know certain key facts and concepts. But it may be even more important to their long-term financial security that investors learn the behavioral process of investing.

I guess we walk a fine line between speculation and actually knowing the facts. We didn't have the information to know whether it would extend the schedule.

Facts are the enemy of truth.

The family is the cradle of the world’s misinformation. There must be something in family life that generates factual error. Over-closeness, the noise and heat of being. Perhaps even something deeper like the need to survive. Murray says we are fragile creatures surrounded by a world of hostile facts. Facts threaten our happiness and security. The deeper we delve into things, the looser our structure may seem to become. The family process works towards sealing off the world. Small errors grow heads, fictions proliferate. I tell Murray that ignorance and confusion can’t possibly be the driving forces behind family solidarity. What an idea, what a subversion. He asks me why the strongest family units exist in the least developed societies. Not to know is a weapon of survival, he says. Magic and superstition become entrenched as the powerful orthodoxy of the clan. The family is strongest where objective reality is most likely to be misinterpreted. What a heartless theory, I say. But Murray insists it’s true.