I'm a biographer; I can live with a little hyperbole. Ron Chernow More Quotes by Ron Chernow More Quotes From Ron Chernow By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity. Ron Chernow appreciate house people 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. Ron Chernow giving boys people 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 the cultural capital, but not the political capital. Ron Chernow paris political new-york Writing about dead white males seems to be out of favor among academics. Ron Chernow males white writing The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform. Ron Chernow mutual-fund relentless people A romantic striving for an impossible ideal. Ron Chernow ideals strive impossible After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was viewed with a great deal of suspicion because of his association with Tories. Ron Chernow becoming hero years The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification. Ron Chernow argument workplace safety The history of Wall Street is inseparable from New York. Ron Chernow inseparable wall new-york After 1929, so many people had been traumatized by the stock market crash that there was a lost generation. Ron Chernow crash generations people A crash really occurs when you suddenly have a violent downturn in the market that then heralds a long bull market. Ron Chernow crash bulls long I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments. Ron Chernow retirement ideas thinking 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. Ron Chernow destiny waiting book 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 appealed exclusively to large corporations, governments, and to extremely wealthy individuals. Ron Chernow corporations wall government In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms. Ron Chernow firm saws saving I think there's a tide that tends to carry historians back to the past. Ron Chernow tides past thinking 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. Ron Chernow wicked america people There is no country in the world where it's as easy to find venture capital in the stock market as the United States. Ron Chernow united-states country 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. Ron Chernow wall people world 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. Ron Chernow tolerance risk house