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
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
The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information. Ron Chernow 1930scompanyfile 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
In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks. Ron Chernow 1920sborrowbuy Change image and share on social
There is no country in the world where it's as easy to find venture capital in the stock market as the United States. Ron Chernow capitalcountryeasy 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
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks. Ron Chernow diversificationfundhistorically Change image and share on social
The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform. Ron Chernow fundindustryinvestor Change image and share on social
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. Ron Chernow biotechcompanydiversification Change image and share on social
