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
america people wicked
When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had finally been punished for their wicked ways.
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.
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.
people mutual-fund relentless
The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
wall people world
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.
numbers interesting people
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.
sex punishment people
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.
people generations crash
After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.
opportunity people risk
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.
american-author course life
I think one of the important things that's happened in the course of the century is that life expectancy has doubled.
ability american-author banking faith lost medical medicare provide public security social system
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.
american-author holes tend
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.
allowed american-author funds invest
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.