Ron Chernow: Broker Banker

Posted by admin on Wednesday, July 28, 2021

Ron Chernow Money Quote saying savings for the wealthy have become financialized by brokers who risk money, rather than save it. Ron Chernow said:
 
American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker Quote
 

“Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker” — Ron Chernow

 

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