After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Quote by Ron Chernow

Topics: Ron Chernow Quotes

You don't want too much fear in a market, because people will be blinded to...

You don't want too much fear in a market, because people will be blinded to...

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...

A lot of the money in the stock market is really our national retirement plan,...

A lot of the money in the stock market is really our national retirement plan,...

What I find very interesting about the mutual funds managers is that here are people...

What I find very interesting about the mutual funds managers is that here are people...

Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic...

Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic...

Mutual funds give people the sense that they're investing with the big boys and that...

Mutual funds give people the sense that they're investing with the big boys and that...

In the 1920s you could buy stocks on margin. You could put 10 percent down...

In the 1920s you could buy stocks on margin. You could put 10 percent down...

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...

I have developed a very strong partiality for the dead: they don't talk back, they...

I have developed a very strong partiality for the dead: they don't talk back, they...

That strategy of buy and hold, which is the sound and sensible one for the...

That strategy of buy and hold, which is the sound and sensible one for the...

Partly because his life ended before the age of 50, Hamilton was defined by the...

Partly because his life ended before the age of 50, Hamilton was defined by the...

I think there's a tide that tends to carry historians back to the past.

I think there's a tide that tends to carry historians back to the past.

The public has lost faith in the ability of Social Security and Medicare to provide...

The public has lost faith in the ability of Social Security and Medicare to provide...

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...

I don't think that a mutual fund that invests exclusively in biotech start-ups or invests...

I don't think that a mutual fund that invests exclusively in biotech start-ups or invests...

We really haven't had very much experience with people funding their retirement out of the...

We really haven't had very much experience with people funding their retirement out of the...

The best argument for mutual funds is that they offer safety and diversification. But they...

The best argument for mutual funds is that they offer safety and diversification. But they...

Once the brokerage house, rather than the bank, became the locus for American savings, that...

Once the brokerage house, rather than the bank, became the locus for American savings, that...

I think those who invest in mutual funds want someone else to do the thinking...

I think those who invest in mutual funds want someone else to do the thinking...