When news of the crash came, probably a lot of people in small towns and farms across America felt a sense of grim satisfaction that the sinners had finally been punished for their wicked ways.
More Quotes from Ron Chernow:
The mutual fund industry has been very successful at promoting itself in this glamorous way. Mutual funds are actually vast, impersonal bureaucratic structures, and yet they were clever enough to give a human face to the mutual funds.Ron Chernow
In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks.
Ron Chernow
A lot of the money in the stock market is really our national retirement plan, for better or worse.
Ron Chernow
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.
Ron Chernow
In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
Ron Chernow
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're a financial genius.
Ron Chernow
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Based on Topics: People Quotes, Sense & Perception QuotesBased on Keywords: farms, grim, punished, sinners
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