Ron Chernow Quotes

Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.
Ron Chernow

Give, Big, Sense

Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
Ron Chernow

Individual, Safety, Mutual

Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker.
Ron Chernow

Money, Someone, Find

One of the special characteristics of New York is that it is different from a London or a Paris because it's the financial capital, and the cultural capital, but not the political capital.
Ron Chernow

Political, Different, Special

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.
Ron Chernow

Nice, Different, Learn

Partly because his life ended before the age of 50, Hamilton was defined by the other founding fathers, and he managed, with amazing consistency, to alienate most of them.
Ron Chernow

Life, Age, Amazing

That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.
Ron Chernow

Whole, Dangerous, Individual

The American public historically was really not part of the stock market.
Ron Chernow

American, Public, Market

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
Ron Chernow

Best, Argument, Safety

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.
Ron Chernow

Faith, Money, Great

The history of Wall Street is inseparable from New York.
Ron Chernow

History, York, Street

The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
Ron Chernow

Small, Industry, Mutual

The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance.
Ron Chernow

Faith, Age, Medical

The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information.
Ron Chernow

Important, Laws, Issue

There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.
Ron Chernow

Fear, Through, Baby

There is no country in the world where it's as easy to find venture capital in the stock market as the United States.
Ron Chernow

Country, Find, Easy

There were two qualities about the mutual funds of the 1920s that made them extremely speculative. One was that they were heavily leveraged. Two, mutual funds were allowed to invest in other mutual funds.
Ron Chernow

Made, Two, Qualities

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.
Ron Chernow

Work, Experience, Market

What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.
Ron Chernow

Daily, Find, Here

When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had finally been punished for their wicked ways.
Ron Chernow

Small, America, Sense

When the market is just going up, up, and up, we all tend to be blind to the holes in the market. They're all papered over by the rise.
Ron Chernow

Rise, Blind, Market

Writing about dead white males seems to be out of favor among academics.
Ron Chernow

Writing, Dead, Seems

You don't want too much fear in a market, because people will be blinded to some very good buying opportunities. You don't want too much complacency because people will be blinded to some risk.
Ron Chernow

Good, Fear, Risk

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Biography

Nationality: American

Type: Author

Born: 1949

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Cite this Page: Citation

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