"There were two qualities about the mutual funds……" — Ron Chernow
"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."
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Ron Chernow
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51 Quotes by Ron Chernow
Ron Chernow has 51 quotes on this site.
A few more worth reading:
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I have developed a very strong partiality for the dead: they don't talk back, they don't sue, and they don't…
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The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans…
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As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is…
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Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
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Mutual funds give people the sense that they're investing with the big boys and that they're really not at a…
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By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other…
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I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away…
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A lot of the money in the stock market is really our national retirement plan, for better or worse.
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We really haven't had very much experience with people funding their retirement out of the stock market, and we don't…
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There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered…
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Washington once advised his adopted grandson that where there is no occasion for expressing an opinion, it is best to…
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In waiting for the glorious moment of that first book contract, writers must have giant reservoirs of patience. Yet they…
See all 51 quotes by Ron Chernow »
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