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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

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Ron Chernow
Age: 75
Born: 1949
Born: March 3
Biographer
Historian
Journalist
Writer
Brooklyn
New York
Chernow
Ronald Chernow
Came
Towns
Sense
Satisfaction
Punished
Felt
Finally
Sinners
America
Across
Grim
Way
News
Farms
People
Probably
Crash
Ways
Sinner
Small
Wicked

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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.
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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.
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Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.
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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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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.
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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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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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I think there's a tide that tends to carry historians back to the past.
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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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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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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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Writing about dead white males seems to be out of favor among academics.
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A romantic striving for an impossible ideal.
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