I am 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.- Ron Chernow
I am a biographer; I can live with a little hyperbole.
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.
I think there's a tide that tends to carry historians back to the past.
I think one of the important things that is happened in the course of the century is that life expectancy has doubled.
I have developed a very strong partiality for the dead: they do not talk back, they do not sue, and they do not have angry relatives.
I do not 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.
Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.
Early on, New York already had a national and even international identity.
By the late 1980s people realized that houses did not always appreciate and that they could fluctuate like any other market commodity.
Because of the love affair between the American public and the stock market, it is possible for entrepreneurs, technological visionaries and inventors of every sort to get financing.
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.
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 are a financial genius.
Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we would not see until the bear market comes.
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.
