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"Early on, New York already had a national and even international identity."
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"I am not the river I am the net."

"I can't help what I have any more than you can help what you don't."

"I should not talk so much about myself if there were anybody else whom I knew as well."

"He lost his Self a thousand times and for days on end he dwelt in non-being. But although the paths took him away from Self, in the end they always led back to it. Although Siddhartha fled from the Self a thousand times, dwelt in nothing, dwelt in animal and stone, the return was inevitable; the hour was inevitable when he would again find himself in sunshine or in moonlight, in shadow or in rain, and was again Self and Siddhartha, again felt the torment of the onerous life cycle."

"We had as lief not be as not be ourselves."

"The sooner you answer the question, "who am I" the more effective and successful life you will have."
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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