The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Contents What Smart Investors Know Savvy investors take the time to separate emotion from fact. Diversification, Patience, and Consistency Three important factors when it comes to your financial life. 5 Smart Investing Principles Principles that can help create a portfolio designed to pursue investment goals.