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
I have developed a very strong partiality for the dead: they dont talk back, they dont sue, and they dont have angry relatives. – Ron Chernow
You dont want too much fear in a market, because people will be blinded to some very good buying opportunities. You dont want too much complacency because people will be blinded to some risk. – Ron Chernow
The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before. – Ron Chernow
The confidence is really driven by the woman – whether she can have the confidence that there will be enough earning or income to finance all the domestic spending – but also by the middle-income class, which for many Asian countries has become the growth power for the economy. – Sri Mulyani Indrawati