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
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
Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance. Ron Chernow averagebeatcircle share on social
Early on, New York already had a national and even international identity. Ron Chernow earlyidentityinternational 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
After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was viewed with a great deal of suspicion because of his association with Tories. Ron Chernow aideassociationdeal 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
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
You don't want too much fear in a market, because people will be blinded to some very good buying opportunities. You don't want too much complacency because people will be blinded to some risk. Ron Chernow blindbuycomplacency 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
