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Ron Chernow Quotes

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

I have developed a very strong partiality for the dead: they don’t talk back, they don’t sue, and they don’t have angry relatives Picture Quote #1

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 Picture Quote #1

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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 Picture Quote #1

A lot of the money in the stock market is really our national retirement plan, for better or worse Picture Quote #1

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity Picture Quote #1

I think there’s a tide that tends to carry historians back to the past Picture Quote #1

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 Picture Quote #1

In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks Picture Quote #1

In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms Picture Quote #1

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 Picture Quote #1

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Mutual funds give people the sense that they’re investing with the big boys and that they’re really not at a disadvantage entering the stock market Picture Quote #1

Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks Picture Quote #1

One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

The best argument for mutual funds is that they offer safety and diversification. But they don’t necessarily offer safety and diversification Picture Quote #1

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The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

Washington once advised his adopted grandson that where there is no occasion for expressing an opinion, it is best to be silent. For there is nothing more certain than that it is at all times more easy to make enemies than friends Picture Quote #1

In waiting for the glorious moment of that first book contract, writers must have giant reservoirs of patience. Yet they must persevere because they don’t know the destiny that is being worked out for them. They creep humbly along the ground, without the spacious aerial vision of their lives that would show them the destiny in store for them Picture Quote #1

I think one of the important things that’s happened in the course of the century is that life expectancy has doubled Picture Quote #1

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Friendship Quotes

Motivational Quotes

Inspirational Quotes

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Text Quotes

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 Quotes) 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 Quotes) 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 Quotes) 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 Quotes) I have developed a very strong partiality for the dead: they don’t talk back, they don’t sue, and they don’t have angry relatives (Ron Chernow Quotes) 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 Quotes) A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market (Ron Chernow Quotes) A lot of the money in the stock market is really our national retirement plan, for better or worse (Ron Chernow Quotes) After 1929, so many people had been traumatized by the stock market crash that there was a lost generation (Ron Chernow Quotes) 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 Quotes) 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 Quotes) 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 Quotes) By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity (Ron Chernow Quotes) I think there’s a tide that tends to carry historians back to the past (Ron Chernow Quotes) 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 Quotes) In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks (Ron Chernow Quotes) In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms (Ron Chernow Quotes) 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 Quotes) Mutual funds give people the sense that they’re investing with the big boys and that they’re really not at a disadvantage entering the stock market (Ron Chernow Quotes) Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks (Ron Chernow Quotes) One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It’s your window into a very large world (Ron Chernow Quotes) 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 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 Quotes) The best argument for mutual funds is that they offer safety and diversification. But they don’t necessarily offer safety and diversification (Ron Chernow Quotes) The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions (Ron Chernow Quotes) 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 Quotes) 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 Quotes) Washington once advised his adopted grandson that where there is no occasion for expressing an opinion, it is best to be silent. For there is nothing more certain than that it is at all times more easy to make enemies than friends (Ron Chernow Quotes) In waiting for the glorious moment of that first book contract, writers must have giant reservoirs of patience. Yet they must persevere because they don’t know the destiny that is being worked out for them. They creep humbly along the ground, without the spacious aerial vision of their lives that would show them the destiny in store for them (Ron Chernow Quotes) I think one of the important things that’s happened in the course of the century is that life expectancy has doubled (Ron Chernow Quotes)

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