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.
The American public historically was really not part of the stock market. - Ron Chernow
The American public historically was really not part of the stock market.
- Ron Chernow
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions. - Ron Chernow
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions.
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 … - Ron Chernow
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 …
After 1929, so many people had been traumatized by the stock market crash that there was a lost generation. - Ron Chernow
After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.
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… - Ron Chernow
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…
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 fin… - Ron Chernow
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 fin…
Unless you devote an enormous amount of time to anticipating the future, you won't have any future. - Ron Chernow
Unless you devote an enormous amount of time to anticipating the future, you won't have any future.
Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative… - Ron Chernow
Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative…
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 com… - Ron Chernow
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 com…
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