The American public historically was really not part of the stock market.
More Quotes from Ron Chernow:
I think one of the important things that's happened in the course of the century is that life expectancy has doubled.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
Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes.
Ron Chernow
Mutual fund managers are trapped in this rather deadly vicious circle: the more successful they are, the more money flows into their mutual fund. Then, it is more difficult for them to beat the market averages or even to match their own past performance.
Ron Chernow
I'm a biographer; I can live with a little hyperbole.
Ron Chernow
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