Quotation by

Ron Chernow

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.

Ron Chernow

Experience

Understanding this quote AI Analysis

Ron Chernow is saying that there is limited historical evidence about relying on the stock market to pay for retirement. Because of this lack of experience, it is uncertain how well this approach would perform in different economic situations.

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Life can only be understood backwards but it must be lived forwards.

The only source of knowledge is experience.

Experience: that most brutal of teachers. But you learn, my God do you learn.

Experience is simply the name we give our mistakes.

A man who carries a cat by the tail learns something he can learn in no other way.

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