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"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."
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"It does not matter how long it takes. God will fulfil the promises."
"Was it a doubt - a fear - a wandering uncertainty seeking rest, but finding none - so tear-blinded were its eyes - Mr. Thornton, instead of being shocked, seemed to have through that very stage of thought himself, and could suggest where the exact ray of light was to be found, which should make the dark places plain. Man of action as he was, busy in the world's great battle, there was a deeper religion binding him to God in his heart, in spite of his strong willfulness, through all his mistakes, than Mr. Hale ever dreamed."
"Lament is a cry of belief in a good God, a God who has His ear to our hearts, a God who transfigures the ugly into beauty. Complaint is the bitter howl of unbelief in any benevolent God in this moment, a distrust in the love-beat of the Father's heart."
"You must know your part in the body of Christ and play it."
"I ended my first book with the words 'no answer.' I know now, Lord, why you utter no answer. You are yourself the answer. Before your face questions die away. What other answer would suffice? Only words, words; to be led out to battle against other words."
Explore more quotes by Ron Chernow
"As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or sex without sin."
"In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms."
"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."
"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."
"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."
"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."
"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."
"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."
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