The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.
More Quotes from Ron Chernow:
Writing about dead white males seems to be out of favor among academics.Ron Chernow
When the market is just going up, up, and up, we all tend to be blind to the holes in the market. They're all papered over by the rise.
Ron Chernow
The founding fathers were not only brilliant, they were system builders and systematic thinkers. They came up with comprehensive plans and visions.
Ron Chernow
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.
Ron Chernow
Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker.
Ron Chernow
One of the special characteristics of New York is that it is different from a London or a Paris because it's the financial capital, and the cultural capital, but not the political capital.
Ron Chernow
Readers Who Like This Quotation Also Like:
Based on Keywords: diversificationScience is analytical, descriptive, informative. Man does not live by bread alone, but by science he attempts to do so. Hence the deadliness of all that is purely scientific.
Eric Gill
The Cape Town is considerably increased within the last eight years. Its respectability with regard to strength has kept pace with its other enlargements and rendered it very secure against any attempt which is not made with considerable force.
William Bligh
I would be surprised to see the White House scaling back on anything. That would be an admission they are operating from a position of weakness.
Rich Galen