"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."
-Ron Chernow
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"We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.“
-Ron Chernow
posted in Experience
Other Quotes by Ron Chernow
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"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."
-Ron Chernow
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"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."
-Ron Chernow
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"I have developed a very strong partiality for the dead: they don't talk back, they don't sue, and they don't have angry relatives."
-Ron Chernow
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"The history of Wall Street is inseparable from New York."
-Ron Chernow
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"There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement."
-Ron Chernow
FearView Quote
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"Life can only be understood backwards but it must be lived forwards."
-Soren Kierkegaard
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"We choose our joys and sorrows long before we experience them."
-Khalil Gibran
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"The soul should always stand ajar, ready to welcome the ecstatic experience."
-Emily Dickinson
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"Do you know the difference between education and experience? Education is when you read the fine print experience is what you get when you don't."
-Pete Seeger
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"Talking with you is sort of the conversational equivalent of an out of body experience."
-Bill Watterson
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"Experience teaches us that it is much easier to prevent an enemy from posting themselves than it is to dislodge them after they have got possession."
-George Washington
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