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 aspecteconomyinvest 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
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
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
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
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 experiencefranklyfund Change image and share on social
After 1929, so many people had been traumatized by the stock market crash that there was a lost generation. Ron Chernow crashgenerationlose 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
The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before. Ron Chernow 1970sassetbond Change image and share on social
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. Ron Chernow capitalcharacteristiccultural Change image and share on social