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
As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius. Ron Chernow bullbuycontinue Change image and share on social
We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario. Ron Chernow experiencefranklyfund 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
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
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
When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had finally been punished for their wicked ways. Ron Chernow americacrashfarm Change image and share on social
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms. Ron Chernow 1970sbankbrokerage 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
