In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms. Ron Chernow 1970sbankbrokerage Change image and share on social
A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market. Ron Chernow bullcrashdownturn Change image and share on social
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 approachbabyboom Change image and share on social
A lot of the money in the stock market is really our national retirement plan, for better or worse. Ron Chernow badlylotmarket Change image and share on social
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 americanbankbanker share on social
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 bigboydisadvantage Change image and share on social
Early on, New York already had a national and even international identity. Ron Chernow earlyidentityinternational Change image and share on social
The American public historically was really not part of the stock market. Ron Chernow americanhistoricallymarket Change image and share on social
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 bullbuycontinue Change image and share on social
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 blindholemarket Change image and share on social
