Ron Chernow
Ron Chernow
RonaldChernowis an American writer, journalist, historian, and biographer. He has written bestselling and award-winning biographies of historical figures from the world of business, finance, and American politics...
NationalityAmerican
ProfessionNon-Fiction Author
Date of Birth3 March 1949
CountryUnited States of America
nice different investing
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.
new-york identity national-identity
Early on, New York already had a national and even international identity.
successful past average
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.
long healthy excess
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.
past thinking tides
I think there's a tide that tends to carry historians back to the past.
new-york wall inseparable
The history of Wall Street is inseparable from New York.
ties paper assets
The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.
impossible strive ideals
A romantic striving for an impossible ideal.
new-york paris political
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.
retirement thinking ideas
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.
saws saving firm
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
investing bulls safe
As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.
enemy opinion silent
Washington once advised his adopted grandson that where there is no occasion for expressing an opinion, it is best to be silent. For there is nothing more certain than that it is at all times more easy to make enemies than friends.
hero years yorktown
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.