The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

Quote by Ron Chernow

Topics: Ron Chernow Quotes

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...

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...

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...

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...

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...

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...

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.

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

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

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 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'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...

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...

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...

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...

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...

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...

How many millionaires do you know who have become wealthy by investing in savings accounts?...

How many millionaires do you know who have become wealthy by investing in savings accounts?...

Investing in health will produce enormous benefits.

Investing in health will produce enormous benefits.

Cruelty is a waste of precious time and energy but kindness is an investment which...

Cruelty is a waste of precious time and energy but kindness is an investment which...