Top 48 Quotes by Ron Chernow

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

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.

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.

I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.

A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.

There is no country in the world where it's as easy to find venture capital in the stock market as the United States.

The American public historically was really not part of the stock market.

I think one of the important things that's happened in the course of the century is that life expectancy has doubled.

In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.

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.