Quotesia
Home
Authors
Popular authors
Jack Welch
Josh Billings
Sigmund Freud
Amelia Barr
Robert Baden-Powell
Wilson Mizner
All authors
Today's birthdays
1770 - William Wordsworth
1873 - John McGraw
1780 - William Ellery Channing
1938 - Jerry Brown
1945 - Robert Brady
1952 - C. Robert Kehler
Today's birthdays
Popular professions
Astronaut
Designer
Athlete
Coach
Architect
Cartoonist
All professions
Authors by letter
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
All authors
Topics
Top Quotes
Quotesia
Favorite authors
Ron Chernow Quotes
Ron Chernow Quotes
Ron Chernow
American
Author
Born:
Mar 3
,
1949
Great
Money
Mutual Funds
People
Think
You
Related authors:
F. Scott Fitzgerald
Frederick Douglass
Helen Keller
Henry David Thoreau
Joyce Meyer
Mark Twain
Og Mandino
Zig Ziglar
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions.
Ron Chernow
Brilliant
Fathers
Visions
System
Systematic
Comprehensive
Only
Builders
Came
Were
Up
Plans
Founding
Founding Fathers
Thinkers
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
You
World
Nice
Market
Window
About
Investing
Economy
Learn
Stock
Very
Stock Market
Different
Aspects
Your
Large
Nice Things
Things
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
Ron Chernow
You
Mutual Funds
Safety
Responsibility
Mutual
Diversification
Individual
Picking
Historically
Offered
Stocks
Spare
Funds
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
Imbalance
Statements
Securities
Laws
Forced
Because
Issue
Were
Information
Registration
Companies
File
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
Problems
Market
System
See
Bear
Until
Sort
Bull
Bull Market
Covers
Sins
Current
Any
May
Multitude
Early on, New York already had a national and even international identity.
Ron Chernow
National
Had
New
Identity
National Identity
York
New York
International
Even
Early
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
Mutual Funds
Made
Other
Extremely
Mutual
About
Invest
Allowed
Qualities
Were
Them
Funds
Two
Speculative
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
Mutual Funds
Safety
Argument
Mutual
Diversification
Offer
Necessarily
Funds
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
Buy
You
Genius
Financial
Market
Easy
Investing
Almost
Almost Anything
Feel
Safe
Makes
Bull
Bull Market
Up
Very
Stocks
Goes
Anything
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.
Ron Chernow
Time
Long
Healthy
Market
Corrections
Excess
Develop
Part
Particularly
Although
Because
Always
Bull
Bull Market
Stock
Very
Stock Market
Painful
Whole
Mechanism
Actually
Speculative
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
Buy
Dangerous
Strategy
Market
Individual
Sound
Effects
Very
Hold
Sensible
Which
Perverse
Whole
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
Finance
Time
You
World
Back
Corporations
Extremely
Prestigious
High
Wealthy
Morgan
Investment
Individuals
Go
Governments
Wall
Wall Street
Banks
Appealed
Large
Wholesale
Street
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.
Ron Chernow
People
World
Monopoly
Had
Over
Stock
Dominated
Wall
Wall Street
Information
Pools
Really
Professional
Street
In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.
Ron Chernow
Buy
You
Rest
Down
Borrow
Percent
Could
Put
Stocks
Against
Your
Margin
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
Generation
Fear
Approaching
Will
Own
Baby
Panic
Boom
Kind
Through
Retirement
Spreading
Provide
Discovered
Which
Suddenly
A lot of the money in the stock market is really our national retirement plan, for better or worse.
Ron Chernow
Money
Better
National
Market
Our
Worse
Retirement
Lot
Stock
Stock Market
Plan
Really
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
Ron Chernow
Savings
Saw
Brokerage
Massive
Household
Shift
Banks
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
Tolerance
Savings
Market
Once
Way
Broker
Brokerage
Would
Find
Someone
Rather
Risk
Higher
House
Became
Because
Stock
Stock Market
Than
American
Bank
Banker
Much
A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.
Ron Chernow
You
Long
Market
Occurs
Bull
Bull Market
Crash
Then
Really
Suddenly
Downturn
Violent
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
People
Every
Market
Frankly
Out
Would
Scenario
Had
Retirement
Know
How
Stock
Very
Stock Market
Much
Really
Funding
The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
Ron Chernow
People
Relentless
Mutual
Mutual Fund
Small
Investors
Perform
Industry
Very
Unforgiving
Fund
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
Money
Circle
Past
Own
Trapped
Difficult
Market
Mutual
Mutual Fund
Rather
More
Beat
Performance
Deadly
Match
Managers
Vicious
Them
Then
Successful
Even
Fund
Flows
I think there's a tide that tends to carry historians back to the past.
Ron Chernow
Past
Think
Back
Carry
Tends
Tide
Historians
Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.
Ron Chernow
Day
Every
Extraordinary
Virtually
Minds
Topic
Those
Touched
Had
Major
Hamilton
Writing about dead white males seems to be out of favor among academics.
Ron Chernow
Writing
White
Favor
Out
About
Seems
Academics
Dead
Males
Among
The history of Wall Street is inseparable from New York.
Ron Chernow
History
Inseparable
New
Wall
Wall Street
York
New York
The History Of
Street
Load more quotes
No more Ron Chernow quotes
Haven't find the right quote? Try quotes from authors related to Ron Chernow.
F. Scott Fitzgerald
Frederick Douglass
Helen Keller
Henry David Thoreau