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
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
One of the special characteristics of New York is that it is different from a London or a Paris because it's the financial capital, and the cultural capital, but not the political capital. Ron Chernow capitalcharacteristiccultural 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
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
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions. Ron Chernow brilliantbuildercomprehensive Change image and share on social
By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity. Ron Chernow 1980scommodityfluctuate 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
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. Ron Chernow bearbullcover Change image and share on social
When the market is just going up, up, and up, we all tend to be blind to the holes in the market. They're all papered over by the rise. Ron Chernow blindholemarket Change image and share on social
