Ron Chernow quotes

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)
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions. View quote
Ron Chernow
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. View quote
Ron Chernow
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification. View quote
Ron Chernow
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. View quote
Ron Chernow
Writing about dead white males seems to be out of favor among academics. View quote
Ron Chernow
The history of Wall Street is inseparable from New York. View quote
Ron Chernow
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. View quote
Ron Chernow
After 1929, so many people had been traumatized by the stock market crash that there was a lost generation. View quote
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. View quote
Ron Chernow
A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market. (Ron Chernow)
Early on, New York already had a national and even international identity. View quote
Ron Chernow
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. View quote
Ron Chernow
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. View quote
Ron Chernow
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. View quote
Ron Chernow
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. View quote
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. View quote
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. View quote
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. View quote
Ron Chernow
Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day. View quote
Ron Chernow
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, it is more difficult for them to beat the market averages or even to match their own past performance. (Ron Chernow)
I think there's a tide that tends to carry historians back to the past. View quote
Ron Chernow
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks. View quote
Ron Chernow
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 develop, particularly during the long bull market. View quote
Ron Chernow
The American public historically was really not part of the stock market. View quote
Ron Chernow