Find the best quotes by Ron Chernow.
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…
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…
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…
The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money…
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…
One of the special characteristics of New York is that it is different from a London or a Paris because it’s the financial capital, and…
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…
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,…
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.
If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street…
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…
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…
Partly because his life ended before the age of 50, Hamilton was defined by the other founding fathers, and he managed, with amazing consistency, to…
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…
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…
Writing about dead white males seems to be out of favor among academics.
Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort…
The history of Wall Street is inseparable from New York.
The American public historically was really not part of the stock market.
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
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