All Ron Chernow Quotes
- I think there's a tide that tends to carry historians back to the past. Carry
- 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… Across
- The history of Wall Street is inseparable from New York. From
- The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification. Argument
- Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that… Bull
- Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then,… Average
- 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… Assets
- 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… Companies
- 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… Achieve
- 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… Buy
- The American public historically was really not part of the stock market. American
- In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information. Dominated
- In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks. Borrow
- 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… Call
- I'm a biographer; I can live with a little hyperbole. Biographer
- There is no country in the world where it's as easy to find venture capital in the stock market as the United States. Capital
- The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform. Fund
- Writing about dead white males seems to be out of favor among academics. Academics
- 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… Capital
- 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… Allowed
- 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… American
- 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… Age
- I think one of the important things that's happened in the course of the century is that life expectancy has doubled. Century
- 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… Ability
- 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