A Quote by Ron Chernow

Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.

Ron Chernow

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Diversification Funds Historically Individual Mutual Mutual Fund Mutual Funds Offered Picking Responsibility Safety Spare Stocks

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Ron Chernow
American - Author
Born: March 3, 1949

Mutual funds were created to make investing easy, so consumers wouldn't have to be burdened with picking individual stocks.

Scott Cook

The best argument for mutual funds is that they offer safety and diversification. But they don't necessarily offer safety and diversification.

Ron Chernow

I have mutual funds. I have a lot of individual stocks. I'm across the board, really well diversified.

Duff McKagan

How many millionaires do you know who have become wealthy by investing in stocks, bonds, mutual funds or savings accounts? Income property is the most historically proven asset class in America, if not the entire world. I rest my case.

Jason Hartman

If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.

Peter Lynch

Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and mutual funds altogether.

Peter Lynch

There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.

Benjamin Graham

There were two qualities about the mutual funds of the 1920s that made them extremely speculative. One was that they were heavily leveraged. Two, mutual funds were allowed to invest in other mutual funds.

Ron Chernow

If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.

Peter Lynch

Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

David F. Swensen

I don't invest in the stock market. I did it a long, long time ago when I was really young, and I got involved in all the investigations and all the prosecutions, and I felt it was better if I didn't make individual investments. So I'm invested in funds, but not in individual - not in individual stocks.

Rudy Giuliani

For investors who do want to speculate in high-yield bonds, one alternative may be a junk bond mutual fund, which can offer investors the relative safety of diversification.

Alex Berenson

You shouldn't trust the judgments of stock brokers picking individual stocks.

Gary A. Klein

Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.

Peter Lynch

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.

Ron Chernow

The Apology opened the opportunity for a new relationship based on mutual respect and mutual responsibility between Indigenous and non-Indigenous Australia. Because without mutual respect and mutual responsibility, the truth is we can achieve very little.

Kevin Rudd

A Quote by Ron Chernow

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