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.
More Quotes from Ron Chernow:
Hamilton had one of those extraordinary 18th-century minds that touched on virtually every major topic of the day.Ron Chernow
The history of Wall Street is inseparable from New York.
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In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms.
Ron Chernow
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.
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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.
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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
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Based on Topics: Danger & Risk Quotes, Opportunity QuotesBased on Keywords: blinded, complacency
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