“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
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Ron Chernow
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That strategy of buy and hold, which is the sound and sensible one for the individual, can have very dangerous and perverse effects for the market as a whole.
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A lot of the money in the stock market is really our national retirement plan, for better or worse.
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