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Quote by Ron Chernow
The Great Inflation of the 1970s destroyed faith in paper assets,

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

Other quotes by 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

Category:
finance
Author
Ron Chernow
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We really havent had very much experience with people funding their retirement out of the stock market, and we dont know, frankly, how it would work under every scenario. – Ron Chernow

Category:
Experience
Author
Ron Chernow
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There is a kind of fear, approaching a panic, thats spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement. – Ron Chernow

Category:
Fear
Author
Ron Chernow
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Other Quotes from
Faith
category

To one who has faith, no explanation is necessary. To one without faith, no explanation is possible. – Thomas Aquinas

Category:
Faith

If faith in ourselves had been more extensively taught and practiced, I am sure a very large portion of the evils and miseries that we have would have vanished. – Swami Vivekananda

Category:
Faith

Why should any man have power over any other mans faith, seeing Christ Himself is the author of it? – George Fox

Category:
Faith

Human societies, like human beings, live by faith and die when faith dies. – Whittaker Chambers

Category:
Faith

Random Quotes

Baseball is a game, yes. It is also a business. But what is most truly is is disguised combat. For all its gentility, its almost leisurely pace, baseball is violence under wraps. – Willie Mays

Category:
Business

If your desires be endless, your cares and fears will be so too. – Thomas Fuller

Category:
Greed

American society is a sort of flat, fresh-water pond which absorbs silently, without reaction, anything which is thrown into it. – Henry Adams

Category:
Society

Men always talk about the most important things to perfect strangers. In the perfect stranger we perceive man himself the image of a God is not disguised by resemblances to an uncle or doubts of wisdom of a mustache. – Gilbert K. Chesterton

Category:
God