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.
More Quotes from 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
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.
Ron Chernow
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
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
The history of Wall Street is inseparable from New York.
Ron Chernow
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.
Ron Chernow
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Based on Keywords: biotech, diversification, invests, start-ups, thailandI can see the humorous side of things and enjoy the fun when it comes; but look where I will, there seems to me always more sadness than joy in life.
Jerome K. Jerome
When I was young, I observed that nine out of ten things I did were failures. So I did ten times more work.
George Bernard Shaw
I love doing the stunts. It's as simple as that.
Gerard Butler