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 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 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
Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day. Ron Chernow 18thcenturyday 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
Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker. Ron Chernow americanbankbanker 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
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. Ron Chernow dubiousideainvestment Change image and share on social
