Feminism: Sheryl Sandberg, chief operating officer at Facebook, suggests in her new book Lean In that one of the reasons so few women get to the top in management is that they lack the drive to get there. An example she gives is how students reacted to a speech she gave at Harvard Business School. The males asked questions about what lessons she'd learned that she was applying in her new position. The females asked questions such as "how can I get a mentor?" - which Sandberg describes as the "professional equivalent of waiting for Prince Charming." Another problem for women is the priority they give to traditional concerns such as family life. Sandberg told the business-school students: "15 years from today, about one-third of the women in this audience will be working full-time - and almost all of you will be working for the guy you are sitting next to."

And:

Wise words: Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy; and the time of maximum optimism is the best time to sell. John Templeton, the highly successful fund manager.

David Fuller's view This is a vintage letter from Martin Spring and I would show Sheryl Sandberg's remarks above to any daughter or granddaughter who wishes to pursue a career.

You have probably seen the John Templeton quote before, but it is a great reminder for all investors.