The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

Quote by Ron Chernow

Topics: Ron Chernow Quotes

The mutual fund industry and small investors are very relentless and very unforgiving if people...

The mutual fund industry and small investors are very relentless and very unforgiving if people...

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...

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...

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...

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...

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...

The history of Wall Street is inseparable from New York.

The history of Wall Street is inseparable from New York.

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...

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...

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 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...

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...

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...

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...

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...

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...

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...

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...

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...

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...