All Ron Chernow Quotes
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
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In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
Ron Chernow
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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
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There were two qualities about the mutual funds of the 1920s that made them extremely speculative. One was that they were heavily leveraged. Two, mutual funds were allowed to invest in other mutual funds.
Ron Chernow
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I think there's a tide that tends to carry historians back to the past.
Ron Chernow
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Early on, New York already had a national and even international identity.
Ron Chernow
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The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
Ron Chernow
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There is no country in the world where it's as easy to find venture capital in the stock market as the United States.
Ron Chernow
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A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market.
Ron Chernow
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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
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Writing about dead white males seems to be out of favor among academics.
Ron Chernow
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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
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I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification.
Ron Chernow
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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
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