All Ron Chernow Quotes
That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.
Ron Chernow
59% of people like this quote
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
58% of people like this quote
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
57% of people like this quote
A lot of the money in the stock market is really our national retirement plan, for better or worse.
Ron Chernow
57% of people like this quote
The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
Ron Chernow
57% of people like this quote
There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.
Ron Chernow
56% of people like this quote
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
55% of people like this quote
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
Ron Chernow
55% of people like this quote
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
53% of people like this quote
A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.
Ron Chernow
53% of people like this quote
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
53% of people like this quote
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
53% of people like this quote
Early on, New York already had a national and even international identity.
Ron Chernow
53% of people like this quote
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
Ron Chernow
53% of people like this quote
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