There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.

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...

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...

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...

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 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...

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...

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 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...

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...

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

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

One of the special characteristics of New York is that it is different from a...

One of the special characteristics of New York is that it is different from a...

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...

There were two qualities about the mutual funds of the 1920s that made them extremely...

There were two qualities about the mutual funds of the 1920s that made them extremely...

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...

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...

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

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

A crash really occurs when you suddenly have a violent downturn in the market that...

A crash really occurs when you suddenly have a violent downturn in the market that...

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...

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...

After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was...

After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was...