#th

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

#although #always #because #bull #bull market

By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity. ↗

— Ron Chernow

#any #appreciate #commodity #could #did

Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day. ↗

— Ron Chernow

#every #extraordinary #had #hamilton #major

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

#call #else #fact #family #feel

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

#away #dubious #far #far away #gotten

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

#had #information #monopoly #over #people

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. ↗

— Ron Chernow

#aspects #different #different aspects #economy #into

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. ↗

— Ron Chernow

#alienate #amazing #because #before #consistency

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. ↗

— Ron Chernow

#because #before #bond #destroyed #faith

The history of Wall Street is inseparable from New York. ↗

— Ron Chernow

#inseparable #new #new york #street #the history of