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"In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks."
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Exlpore more Attitude quotes
"A person will sometimes devote all his life to the development of one part of his body - the wishbone."
"A healthy attitude is contagious, let others catch it."
"Men take only their needs into consideration - never their abilities."
"Man is not the creature of circumstances, circumstances are the creatures of men. We are free agents, and man is more powerful than matter."
"Stubborness and staunch, they are both same thingsfrom different point of view, such crazy and eccentric."
"Life is mental, it's all about attitude. The majority of it is lived in your head."
Explore more quotes by Ron Chernow
"I think one of the important things that's happened in the course of the century is that life expectancy has doubled."
"In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms."
"The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions."
"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."
"The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification."
"I'm dubious about having Social Security put into the stock market. I think that we have gotten very far away from the idea that there's something sacrosanct about retirement investments."
"After being Washington's aide for four years and becoming the hero of Yorktown, Hamilton was viewed with a great deal of suspicion because of his association with Tories."
"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."
"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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