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

Ron Chernow

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Ron Chernow
Age: 75
Born: 1949
Born: March 3
Biographer
Historian
Journalist
Writer
Brooklyn
New York
Chernow
Ronald Chernow
Offered
Fund
Diversification
Mutual
Stocks
Safety
Funds
Responsibility
Historically
Individual
Spare
Spares
Picking

More quotes by Ron Chernow

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The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
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In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
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The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
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Unless you devote an enormous amount of time to anticipating the future, you won't have any future.
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I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons.
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That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.
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What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers.
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I'm a biographer I can live with a little hyperbole.
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The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions.
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A romantic striving for an impossible ideal.
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I have developed a very strong partiality for the dead: they don't talk back, they don't sue, and they don't have angry relatives.
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In waiting for the glorious moment of that first book contract, writers must have giant reservoirs of patience. Yet they must persevere because they don't know the destiny that is being worked out for them. They creep humbly along the ground, without the spacious aerial vision of their lives that would show them the destiny in store for them.
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Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.
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Writing about dead white males seems to be out of favor among academics.
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After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was viewed with a great deal of suspicion because of his association with Tories.
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