The best approach then is to celebrate their contributions and let people know that there are women who love liberty.

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Moreover, Gingrich took an aggressive approach to the tax laws, despite warnings not to use tax-deductible contributions, Cole said.

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American fund managers are also doing well in other Latin American countries, which have either adopted the Chilean approach (eg, Mexico and Bolivia), or gone down a similar route while avoiding mandatory contributions (eg, Argentina and Brazil).

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The more recent contributions in Peter Krass's collection include an essay by Warren Buffett, the famed Sage of Omaha whose investment approach, so-called focus investing, offers a third way between the indexers and active traders, and is the subject of a whole book by Robert Hagstrom.

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