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.

Quote by Ron Chernow

Topics: Ron Chernow Quotes

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held...

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held...

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they...

Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they...

One of the very nice things about investing in the stock market is that you...

One of the very nice things about investing in the stock market is that you...

The securities laws of the 1930s were so important because it forced companies to file...

The securities laws of the 1930s were so important because it forced companies to file...

By the late 1980s people realized that houses did not always appreciate and that they...

By the late 1980s people realized that houses did not always appreciate and that they...

There is a kind of fear, approaching a panic, that's spreading through the Baby Boom...

There is a kind of fear, approaching a panic, that's spreading through the Baby Boom...

One of the special characteristics of New York is that it is different from a...

One of the special characteristics of New York is that it is different from a...

When the market is just going up, up, and up, we all tend to be...

When the market is just going up, up, and up, we all tend to be...

Writing about dead white males seems to be out of favor among academics.

Writing about dead white males seems to be out of favor among academics.

As a bull market continues, almost anything you buy goes up. It makes you feel...

As a bull market continues, almost anything you buy goes up. It makes you feel...

In the 1920s, Wall Street was a world that was really dominated by professional speculators...

In the 1920s, Wall Street was a world that was really dominated by professional speculators...

There is no country in the world where it's as easy to find venture capital...

There is no country in the world where it's as easy to find venture capital...

There were two qualities about the mutual funds of the 1920s that made them extremely...

There were two qualities about the mutual funds of the 1920s that made them extremely...

In the 1970s we saw a massive shift of household savings from the banks to...

In the 1970s we saw a massive shift of household savings from the banks to...

A crash really occurs when you suddenly have a violent downturn in the market that...

A crash really occurs when you suddenly have a violent downturn in the market that...

I think one of the important things that's happened in the course of the century...

I think one of the important things that's happened in the course of the century...

As the bull market goes on, people who take great risks achieve great rewards, seemingly...

As the bull market goes on, people who take great risks achieve great rewards, seemingly...

If you go back to the time of J.P. Morgan, the world of high finance...

If you go back to the time of J.P. Morgan, the world of high finance...

Early on, New York already had a national and even international identity.

Early on, New York already had a national and even international identity.

Any bull market covers a multitude of sins, so there may be all sorts of...

Any bull market covers a multitude of sins, so there may be all sorts of...