A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.
Ron Chernow

A lot of the money in the stock market is really our national retirement plan, for better or worse.
Ron Chernow

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.
Ron Chernow

After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was viewed with a great deal of suspicion because of his association with Tories.
Ron Chernow

Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.
Ron Chernow

As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.
Ron Chernow

As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or sex without sin.
Ron Chernow

Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.
Ron Chernow

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.
Ron Chernow

Early on, New York already had a national and even international identity.
Ron Chernow


Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.
Ron Chernow

I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.
Ron Chernow

I have developed a very strong partiality for the dead: they don't talk back, they don't sue, and they don't have angry relatives.
Ron Chernow

I think one of the important things that's happened in the course of the century is that life expectancy has doubled.
Ron Chernow

I think there's a tide that tends to carry historians back to the past.
Ron Chernow

I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons.
Ron Chernow

I'm a biographer; I can live with a little hyperbole.
Ron Chernow

I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.
Ron Chernow

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.
Ron Chernow

In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.
Ron Chernow