“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
The best argument for mutual funds is that they offer safety and diversification. But they...#Ron Chernow
In the 1920s, Wall Street was a world that was really dominated by professional speculators...#Ron Chernow
Once the brokerage house, rather than the bank, became the locus for American savings, that...#Ron Chernow
