"Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker."

Money, Risk, Tolerance

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"Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker."

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"I'd met a woman and I got married, but the money ran out right away. I hadn't had a job for seven months, and it just came over me that I was never going to work again. It hit me."

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"There's a correlation between the number of digits on a man's bank balance, and, the number of things that his woman is willing to forgive him for."

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"Just make as much money as you can, but try your best not to rob or get robbed, it will sweep all that you have and leave your hands empty."

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"No money is better spent than what is laid out for domestic satisfaction."

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"It is only if the primary or only reason you do what you do is to make money that you will envy every random person who made or makes a lot of money (or money that exceeds what you made or make)."

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Explore more quotes by Ron Chernow

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

History

"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."

Faith

"Writing about dead white males seems to be out of favor among academics."

Writing

"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."

Money

"Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks."

Responsibility

"The American public historically was really not part of the stock market."

History

"Early on, New York already had a national and even international identity."

Identity

"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."

People

"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."

Market

"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."

Family