Quote

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

Ron Chernow

Change background

T
T
T

Change font

TAGS & TOPICS

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

More quotes by Ron Chernow

Image
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.
Ron Chernow
Image
The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
Ron Chernow
Image
Unless you devote an enormous amount of time to anticipating the future, you won't have any future.
Ron Chernow
Image
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.
Ron Chernow
Image
I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments.
Ron Chernow
Image
I'm a biographer I can live with a little hyperbole.
Ron Chernow
Image
A romantic striving for an impossible ideal.
Ron Chernow
Image
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.
Ron Chernow
Image
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
Ron Chernow
Image
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions.
Ron Chernow
Image
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.
Ron Chernow
Image
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
Ron Chernow
Image
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.
Ron Chernow
Image
Early on, New York already had a national and even international identity.
Ron Chernow
Image
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.
Ron Chernow
Image
When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had finally been punished for their wicked ways.
Ron Chernow
Image
One of the very nice things about investing in the stock market is that you learn about all different aspects of the economy. It's your window into a very large world.
Ron Chernow
Image
By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.
Ron Chernow
Image
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.
Ron Chernow
Image
The richly cadenced prose is hypnotic, the research prodigious, the analysis acute, the mood spellbinding, and the cast of characters mythic in scale. I cannot conceive of a better book about Capitol Hill. An unforgettable, epic achievement in the art of biography.
Ron Chernow