That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole. Ron Chernow buydangerouseffect 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
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
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
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
Writing about dead white males seems to be out of favor among academics. Ron Chernow academicdeadfavor Change image and share on social
