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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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"Egoism and Money [Goddess of wealth; Lakshmi] are very much at odds [have great enmity]. There should be just enough egoism to accomplish one's work. Beyond that, any expanded egoism and money have great enmity. Money (Lakshmi) stays away from it."
"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."
"The Bible does not say money is the root of all evil; it says the love of money is the root of all kinds of evil. A poor man who, in his heart, worships the idea of being rich is more vulnerable to its evils than a rich man who has a heart to use it all for the Lord."
"Architect. One who drafts a plan of your house, and plans a draft of your money."
"Politics has become so expensive that it takes a lot of money even to be defeated."
"You cannot spend money in luxury without doing good to the poor. Nay, you do more good to them by spending it in luxury, than by giving it; for by spending it in luxury, you make them exert industry, whereas by giving it, you keep them idle."
"Because people have no thoughts to deal in, they deal cards, and try and win one another's money. Idiots!"
"If advertisers spent the same amount of money on improving their products as they do on advertising then they wouldn't have to advertise them."
"Among other possibilities, money was invented to make it possible for a foolish man to control wise men; a weak man, strong men; a child, old men; an ignorant man, knowledgeable men; and for a dwarf to control giants."
Explore more quotes by Ron Chernow
"That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole."
"The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions."
"A lot of the money in the stock market is really our national retirement plan, for better or worse."
"There is no country in the world where it's as easy to find venture capital in the stock market as the United States."
"Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes."
"I think one of the important things that's happened in the course of the century is that life expectancy has doubled."
"After 1929, so many people had been traumatized by the stock market crash that there was a lost generation."
"Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market."
"By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity."
"When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had finally been punished for their wicked ways."
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