I think there's a tide that tends to carry historians back to the past. Ron Chernow backcarryhistorian Change image and share on social
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification. Ron Chernow argumentdiversificationfund Change image and share on social
I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons. Ron Chernow callfactfamily share on social
If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals. Ron Chernow appealbackbank 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
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
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
Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market. Ron Chernow bullcorrectiondevelop share on social
