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
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 bearbullcover Change image and share on social
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
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 1930scompanyfile Change image and share on social
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. Ron Chernow americacrashfarm Change image and share on social
I'm a biographer; I can live with a little hyperbole. Ron Chernow biographerhyperbolelive 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
What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers. Ron Chernow billiondailyfind share on social
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions. Ron Chernow brilliantbuildercomprehensive 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