Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

Quote by Ron Chernow

Topics: Ron Chernow Quotes

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...

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...

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...

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...

The history of Wall Street is inseparable from New York.

The history of Wall Street is inseparable from New York.

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...

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...

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...

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...

The founding fathers were not only brilliant, they were system builders and systematic thinkers. They...

The founding fathers were not only brilliant, they were system builders and systematic thinkers. They...

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...

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...

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

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

I'm dubious about having Social Security put into the stock market. I think that we...

I'm dubious about having Social Security put into the stock market. I think that we...

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...

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...

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.

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...

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...

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...