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
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
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 sin. Ron Chernow achievebullcrime Change image and share on social
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 alienate most of them. Ron Chernow agealienateamaze Change image and share on social
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 1920sdominateinformation Change image and share on social
I think one of the important things that's happened in the course of the century is that life expectancy has doubled. Ron Chernow centurydoubleexpectancy Change image and share on social
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 1920sallowextremely 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
