Ron Chernow Quotes & Sayings (Page 5)

“I think there's a tide that tends to carry historians back to the past.”

“I'm a biographer; I can live with a little hyperbole.”

“In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.”

“When the market is just going up, up, and up, we all tend to be blind to the holes in the market. They're all papered over by the rise.”

“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.”

“Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.”

“One of the special characteristics of New York is that it is different from a London or a Paris because it's the financial capital, and the cultural capital, but not the political capital.”

“Partly because his life ended before the age of 50, Hamilton was defined by the other founding fathers, and he managed, with amazing consistency, to alienate most of them.”