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
The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance. Ron Chernow abilityagebank 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
I have developed a very strong partiality for the dead: they don't talk back, they don't sue, and they don't have angry relatives. Ron Chernow angrybackdead Change image and 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
Writing about dead white males seems to be out of favor among academics. Ron Chernow academicdeadfavor Change image and share on social
The history of Wall Street is inseparable from New York. Ron Chernow historyinseparablestreet Change image and share on social
