The story of Alexander Hamilton lends itself to hip-hop treatment. Hamilton's personality is driven and unrelenting, and the music has that same quality. The music and the man mirror each other.
Ron ChernowRead
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.
Interpretation
Bull markets can mask underlying economic issues that become visible during downturns.
This quote highlights the tendency of a thriving market (bull market) to obscure various financial and systemic problems. Investors and analysts often overlook or underestimate issues present in a booming economy, but these weaknesses can become apparent during a downturn (bear market), exposing vulnerabilities that were previously hidden by the optimism and success of rising markets.
In practice
This quote can be used in a financial seminar discussing market cycles.
The story of Alexander Hamilton lends itself to hip-hop treatment. Hamilton's personality is driven and unrelenting, and the music has that same quality. The music and the man mirror each other.
Reconstruction is the great black hole that remains to be filled. Even experts on the Civil War don't really understand its full significance.
Strange as it may seem, George Washington's life has now been so minutely documented that we know far more about him than did his own friends, family, and contemporaries.
When you're a biographer, you want to explore the very things that your subject didn't care to talk about.
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.
I find that when I come upon something that I think is a historical revelation, I have the sort of adrenaline rush that I imagine a gambler gets in Las Vegas when he hits the jackpot. It's still tremendously exciting to me, and I think all of my peers in the business feel the same way.
If you wait to see how much money you have left at the end of the month to put toward savings, the answer may be zero. So, set up an automated monthly transfer from your checking to savings account. Once you lock into that commitment, you'll be forced to scale back spending to make ends meet.
We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a fund that's hot and then it turns cold as all hot funds eventually do. And then they get out. Well, buying at the high and selling at the low isn't going to leave you a satisfied shareholder, right?
When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
The foundation of a financial fresh start actually has nothing to do with money or specific financial dos and don'ts.
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