"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."
"Be faithful in small things because it is in them that your strength lies."Ron Chernow on Mother Teresa
"Faith is taking the first step even when you don't see the whole staircase."Ron Chernow on Martin Luther King, Jr.
"Take the first step in faith. You don't have to see the whole staircase, just take the first step."Ron Chernow on Martin Luther King, Jr.
"All who call on God in true faith, earnestly from the heart, will certainly be heard, and will receive what they have asked and desired."Ron Chernow on Martin Luther
"Before the throne of the Almighty, man will be judged not by his acts but by his intentions. For God alone reads our hearts."Ron Chernow on Mahatma Gandhi
"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."
"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."
"There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement."