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By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.

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
People
Houses
Realized
Market
Appreciate
Late
House
Always
Fluctuate
Like
Commodity

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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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Unless you devote an enormous amount of time to anticipating the future, you won't have any future.
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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.
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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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A romantic striving for an impossible ideal.
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I'm a biographer I can live with a little hyperbole.
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Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
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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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