Arthur Levitt Quotes

#1. 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.

Arthur Levitt

#2. 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.

Arthur Levitt

#3. What must occur is a greater recognition by investors of their individual responsibility.

Arthur Levitt

#4. While fund performance is unpredictable, the impact of fees is not, .. A 1- percent annual fee will reduce an ending account balance by 17 percent after 20 years.

Arthur Levitt Jr

#5. I saw what a mess a lot of people could make of their lives when they're smitten. Some of them go temporarily insane. They find a person who they think holds the key to their happiness-the only key to their happiness ... My work has always been my greatest happiness

Mae West

#6. 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.

Arthur Levitt

#7. Eros guides us to Logos.

Plato

#8. 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.

Arthur Levitt

#9. But when that information travels only to a privileged few, when it is used to profit at the expense of the investing public, when that information comes by way of favored access rather than by acumen, insight or diligence, we must ask, 'Whose interest is really being served?'.

Arthur Levitt Jr

#10. 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.

Arthur Levitt

#11. Don't be bitter. Everybody suffers. If you can accept your suffering then you will understand other people better. Be grateful for pain. Love life.

Stephen Colbert

#12. George Orwell once blamed the demise of the English language on politics. It's quite possible he never read a prospectus.

Arthur Levitt Jr

#13. What if today.. you were inspired and fed by your thoughts instead of being confined by them?

Marjo-Riikka Makela

#14. 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.

Arthur Levitt

#15. The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues.

Arthur Levitt

#16. Surely there must be in a world of manifold beautiful things something among them for me. And always, while I am still young, there is that dim light, the Future. But it is indeed a dim, dim light, and ofttimes there's a treachery in it.

Mary MacLane

#17. Today, the forces of competition, technology, and globalization have converged to spur innovation and to transform the way business is done in the securities industry.

Arthur Levitt

#18. The wrongs of a Husband or Master are not reproached.

George Herbert

#19. I think we have got to start thinking about banding together in terms of interested groups.

Arthur Levitt

#20. Our markets have not achieved their great successes as a result of government fiat, but rather through efforts of competing interests working to meet the demands of investors and to fulfill the promises posed by advancing technology.

Arthur Levitt

#21. In the bush, trust no one you don't know.

Alex Haley

#22. Over the past two decades, we have clearly seen an erosion of ethical values.

Arthur Levitt

#23. In an endless jungle of websites with text-based content, a beautiful image with a lot of space and colour can be like walking into a clearing. It's a relief.

David McCandless

#24. We can bear the sun not to set, but we cannot bear the sun not to rise!

Mehmet Murat Ildan

#25. For a man without hobbies, I stand in a wonderful spot, where what I do is my best hobby, and everything else is a poor second.

Robert Preston

#26. Finding extracurricular activities with your husband that are unrelated to children, family and work is a priority.

Mariella Frostrup

#27. Firms need to ensure that their ability to provide effective customer service keeps pace with their growth. If you're marketing your firm to new customers, you better be able to provide them service when they do business with you.

Arthur Levitt

#28. I don't feel alone with you. I feel like I have a family and a home again. You're my home. All of the dark shadows seem to disappear when we're together.

R.K. Lilley

#29. Promoting the interaction of orders remains one of the most difficult, but crucially important, challenges we face concerning our national market system.

Arthur Levitt

#30. To be virtuous, then, is to live as we were designed to live; it is to live, as Zeno put it, in accordance with nature.18 The Stoics would add that if we do this, we will have a good life.

William B. Irvine

#31. We should never lose sight of the underlying essence of a market-a place where buyers and sellers come together. Every other feature-whether crafted by tradition or technology-exists only to serve that primary purpose.

Arthur Levitt Jr

#32. Our role is to maintain and monitor a framework in which fair competition can flourish.

Arthur Levitt

#33. 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.

Arthur Levitt

#34. Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.

Arthur Levitt Jr

#35. 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.

Arthur Levitt

#36. Logic is a wonderful invention. It is so wonderful, people often mistake it for reason. Reason, however, requires sense. Logic requires only consistency.

Jane Haddam