Ron Chernow | "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."

"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."

Ron Chernow, American Author

Market, Blind

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"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."

"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."

Author Name

Personal Development

"To be a novelist, all I need is a pen and a piece of paper."

Author Name

Personal Development

"To me, America is just another market."

Author Name

Personal Development

"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."

Time

"I think one of the important things that's happened in the course of the century is that life expectancy has doubled."

Life

"The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification."

Argument

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

History

"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

"What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers."

People

"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."

Experience

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

People

"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

"I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification."

Finance

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Customized

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"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."

Author Name

Personal Development

"To be a novelist, all I need is a pen and a piece of paper."

Author Name

Personal Development

"To me, America is just another market."

Author Name

Personal Development

More

"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."

Time

"I think one of the important things that's happened in the course of the century is that life expectancy has doubled."

Life

"The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification."

Argument

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

History

"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

"What I find very interesting about the mutual funds managers is that here are people who are the new masters of the universe. They're managing billions, yet they're subject to this quiet daily tyranny of numbers."

People

"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."

Experience

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

People

"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

"I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification."

Finance