Ron Chernow
Ron Chernow
RonaldChernowis an American writer, journalist, historian, and biographer. He has written bestselling and award-winning biographies of historical figures from the world of business, finance, and American politics...
NationalityAmerican
ProfessionNon-Fiction Author
Date of Birth3 March 1949
CountryUnited States of America
thinking safety thailand
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.
mind topics hamilton
Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.
bulls may bears
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.
strong relative angry
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.
book destiny waiting
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.
baby retirement panic
There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.
retirement people funding
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.
retirement plans
A lot of the money in the stock market is really our national retirement plan, for better or worse.
appreciate people house
By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.
boys people giving
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.
investing bulls safe
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.
safety workplace argument
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
long healthy excess
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.
successful past average
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.