Arthur Levitt Quotes
Arthur Levitt Quotes
- 1
Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up.
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- 2
Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.
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- 3
Encouraging competition to investment banking research should be on everyone's short list of common sense solutions to restore investor trust.
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- 4
I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.
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- 5
I think we have got to start thinking about banding together in terms of interested groups.
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- 6
Investors should start with a view of skepticism. They should become intellectual investors rather than emotional investors. They should be careful, and they should be skeptical.
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- 7
It is incumbent on us to facilitate the development of a market structure that best assures that these changes benefit the U.S. securities markets as a whole.
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- 8
Once again, stock markets have been threatened with extinction for almost 75 years, and I have found that stock markets are harder to kill than roaches.
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- 9
One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.
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- 10
Our collective challenge at this time is to ensure that competition in all its forms continues to define the structure of our markets.
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- 11
Our purpose, as we face these challenges, remains clear - fair and orderly markets that allow for efficient capital formation, while protecting the interests of investors.
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- 12
Our role is to maintain and monitor a framework in which fair competition can flourish.
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- 13
Over the past two decades, we have clearly seen an erosion of ethical values.
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- 14
Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.
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- 15
The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues.
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