Quote

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.

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
Every
Stock
Really
Retirement
Would
Market
People
Havens
Haven
Scenario
Experience
Scenarios
Work
Funding
Much
Frankly

More quotes by 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
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
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
In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information.
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
A romantic striving for an impossible ideal.
Ron Chernow
Image
I'm a biographer I can live with a little hyperbole.
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 think there's a tide that tends to carry historians back to the past.
Ron Chernow
Image
Writing about dead white males seems to be out of favor among academics.
Ron Chernow
Image
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
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
Unless you devote an enormous amount of time to anticipating the future, you won't have any future.
Ron Chernow
Image
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.
Ron Chernow
Image
Early on, New York already had a national and even international identity.
Ron Chernow
Image
Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during the long bull market.
Ron Chernow
Image
In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.
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
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
The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
Ron Chernow