“There were two qualities about the mutual funds of the 1920s that made them extremely speculative. One was that they were heavily leveraged. Two, mutual funds were allowed to invest in other mutual funds.Quote by Ron ChernowTopics: Quotes about Ron ChernowShare on:FacebookPinterestWhatsApp
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of...#Ron Chernow
I don't think that a mutual fund that invests exclusively in biotech start-ups or invests...#Ron Chernow
The securities laws of the 1930s were so important because it forced companies to file...#Ron Chernow
In the 1920s, Wall Street was a world that was really dominated by professional speculators...#Ron Chernow
