"If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals."
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."Ron Chernow on Henry Ford
"Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones."Ron Chernow on Benjamin Franklin
"It is a kind of spiritual snobbery that makes people think they can be happy without money."Ron Chernow on Albert Camus
"Part of your heritage in this society is the opportunity to become financially independent."Ron Chernow on Jim Rohn
"Don't gamble take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."Ron Chernow on Will Rogers
"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."
"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."
"The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance."
"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."
"You don't want too much fear in a market, because people will be blinded to some very good buying opportunities. You don't want too much complacency because people will be blinded to some risk."