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.

Quote by Ron Chernow

Topics: Ron Chernow Quotes

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...

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...

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.

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...

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...

Because of the love affair between the American public and the stock market, it is...

Because of the love affair between the American public and the stock market, it is...

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...

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...

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...

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

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

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...

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,...

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...

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.

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...

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...

When news of the crash came, probably a lot of people in small towns and...

When news of the crash came, probably a lot of people in small towns and...

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...

The American public historically was really not part of the stock market.

The American public historically was really not part of the stock market.

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

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