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A romantic striving for an impossible ideal.

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
Striving
Ideal
Romantic
Strive
Ideals
Impossible

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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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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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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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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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Writing about dead white males seems to be out of favor among academics.
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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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The mutual fund industry and small investors are very relentless and very unforgiving if people don't perform.
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I'm a biographer I can live with a little hyperbole.
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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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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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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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In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
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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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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.
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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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In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.
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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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Early on, New York already had a national and even international identity.
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