Top 48 Quotes by Ron Chernow

Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.

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

In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.

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

Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.

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.

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.

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.

I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.