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I can't play anywhere near like I used to, and I was a hot drummer. It doesn't bother me, because frankly, if you get to that point where you can't hold a drumstick properly, there are many other things in life which are far more important, like cutting a loaf of bread or a piece of cheese. ↗
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. ↗
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks. ↗