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"As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius."
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Exlpore more Genius quotes
"Everybody denies I am a genius - but nobody ever called me one!"
"The genius, wit, and the spirit of a nation are discovered by their proverbs."
"It is the union of independence and dependence of these branches - legislative, executive and judicial - and of the governmental functions possessed by each of them, that constitutes the marvellous genius of this unrivalled document."
"Genius is not a retainer to any emperor, or is its material silver, or gold, or marble, except to a trifling extent."
"Of all the things in the world, I'm particularly amazed at, is the conviction with which the MIND, endorses an Idea, which is phenomenal, as it differentiates the Genius from Mediocre, or not to forget the human stupidity in particular!"
"To understand Mozart's contradictory qualities would indeed be to understand genius."
"What might be taken for a precocious genius is the genius of childhood. When the child grows up, it disappears without a trace. It may happen that this boy will become a real painter some day, or even a great painter. But then he will have to begin everything again, from zero."
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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