Top 90 Quotes About Securities
#1. Security isn't securities. It's knowing that someone cares whether you are or cease to be.
Malcolm Forbes
#2. To trust God when we have securities in our iron chest is easy, but not thankworthy; but to depend on him for what we cannot see, as it is more hard for man to do, so it is more acceptable to God.
Owen Feltham
#3. We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.
Warren Buffett
#4. Buying and selling securities in an attempt to outperform the market will effectively be a game of chance rather than skill.
Kenneth Eade
#5. During my undergraduate training at UCLA, I was studying finance and securities; my particular interest was with mutual funds. Wanting to get into a high position at some of the companies that were doing that, I knew that law would be useful.
Robert Shapiro
#6. I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.
Warren Buffett
#7. You normally don't get a margin call unless your securities, minus the debt, are worth 30% or less of their nominal market value.
Jane Bryant Quinn
#8. I've had a terrific life, from building one company to be the second largest company in the securities industry and merging that into American Express, and becoming president of that company.
Sanford I. Weill
#9. Bad things happen, but really bad things do not. Do buy the dips, especially the lowest quality securities when they come under pressure, because declines will quickly be reversed.
Seth Klarman
#10. The right and the physical power of the people to resist injustice, are really the only securities that any people ever can have for their liberties. Practically no government knows any limit to its power but the endurance of the people.
Lysander Spooner
#12. We have new rules that give shareholders the ability to vote on executive compensation. We have new rules for asset-backed securities. We have new rules around credit rating agencies.
Mary Schapiro
#13. There is no human feeling to the US securities markets and sometimes no discernible evidence of human intelligence either. But they work.
Robert J. Eaton
#14. Carl Friedrich Gauss, often rated the greatest mathematician of all time, played the market. On a salary of 1,000 thalers a year, Euler left an estate of 170,587 thalers in cash and securities. Nothing is known of Gauss's investment methods.
William Poundstone
#15. Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced.
Benjamin Graham
#16. The Treasury Department would use the interest from these securities to hire U.S. companies to build Saudi Arabia - new cities, new infrastructure - which we've done.
John Perkins
#17. Let the corporations do as they please
pillage the environment, falsify their advertising, rig the securities markets
and it is none of the federal government's business to interfere with the will of heaven.
Lewis H. Lapham
#18. The securities laws of the 1930s were so important because it forced companies to file registration statements and issue prospectuses, and it remedied the imbalance of information.
Ron Chernow
#19. The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.
Benjamin Graham
#20. For Randy Neugebauer, the Texas Republican who chairs the investigations subcommittee, the top sources of funding for his 2012 reelection campaign are from the insurance, banking, finance, securities and real estate industries.
Gary Weiss
#21. Everyone can feel the nothingness, the void, just beneath the surface of everyday routines and securities.
John Zerzan
#22. Refusing the false securities of a stable and linear past, such an approach celebrates heterogeneous sensations and surprising associations, random connections, the ongoing construction of meaning and also admits into its orbit the mysterious agency of artifacts, space and non-humans from the past.
Tim Edensor
#23. In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.
Benjamin Graham
#24. 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
#25. The principle that a central bank, charged with controlling inflation, should be independent from the government is unassailable. It may also be true that it's easier for the central bank to guard its independence from political pressure when it mainly holds government securities.
Janet Yellen
#26. Securities, certitudes and peace do not lead to discoveries.
Carl Jung
#27. A margin of safety is achieved when securities are purchased at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.
Seth Klarman
#28. I think my securities far outweigh my insecurities. I am not nearly as afraid of myself and my imagination as I used to be.
Billy Connolly
#29. What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.
Michael Bloomberg
#30. To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other. One hundred securities whose returns rise and fall in near unison afford little protection than the uncertain return of a single security.
Harry Markowitz
#31. The basic concept of value to a private owner and being motivated when you're buying and selling securities by reference to intrinsic value instead of price momentum - I don't think that will ever be outdated.
Charlie Munger
#32. Value investors should completely exit a security by the time it reaches full value; owning overvalued securities is the realm of speculators.
Seth Klarman
#33. From coast to coast, the FBI and Securities and Exchange Commission have ensnared people not only at hedge funds, but at technology and pharmaceutical companies, consulting and law firms, government agencies, and even a major stock exchange.
Preet Bharara
#34. It is to our advantage to have securities do nothing price-wise for months, or perhaps years, while we are buying them.
Warren Buffett
#35. What turned me on then, and turns me on even today - and when the time comes from me to retire from management I think I'd still be interested in it - is that everything that happens in the world affects the price of securities.
Sanford I. Weill
#36. $16 billion in complex securities whose value ultimately turned on the ability of a Las Vegas stripper with five investment properties, or a Mexican strawberry picker with a single $750,000 home, to make rapidly rising interest payments.
Michael Lewis
#37. In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations.
Hans F. Sennholz
#38. While markets are supposed to ensure transparency by showing orders to everyone simultaneously, flash orders are currently allowed because of a loophole in securities regulations that allows for immediate trades.
Charles Duhigg
#39. You're talking about gold and silver, cash and securities. I'm talking about the sheer beauty of the land, the value of unpolluted parkland made wild and staying wild forever.
Jasper Fforde
#40. There is no useful information contained in historical price movements of securities.
Louis Bachelier
#41. My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges.
Merton Miller
#42. Good men never tell the truth. The good taught you false shores and false securities: you were born and kept in the lies of the good. Everything has been distorted and twisted down to its very bottom through the good
Friedrich Nietzsche
#43. There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel Kahneman
#44. Our public life is largely premised on an exploitation of our common anxiety. The advertising of consumerism and the drives of the acquisitive society, like he serpent, seduce into believing there are securities apart from the reality of God.
Walter Brueggemann
#45. My looks arent going to help me explain mortgage-backed securities.
Jenna Lee
#46. Why should the court impose a judgment in a case in which the SEC alleges a serious securities fraud, but the defendant neither admits nor denies wrongdoing?
Jed S. Rakoff
#47. For seven years after college, I was a waitress at the Buttercup Bakery in Berkeley, and from there I got a job at Merrill Lynch as an account executive, from where I went to vice president of investments for Prudential-Bache Securities. I started my own firm in 1987.
Suze Orman
#48. Conspiracy theories feed on opacity, and that's a longtime problem with short selling. Large long positions must be reported to the Securities and Exchange Commission in public filings, but not large short positions.
Gary Weiss
#49. The collateralized debt obligation, the CDO, is a structure which allows you to more or less continuously choose how much risk you want to take in a whole batch of securities. And the reason why they got us into so much trouble is that it's hard to figure out how much risk you really are taking.
Robert F. Engle
#50. Caution is crediting, and reserve in speaking, and in revealing one's self to but very few, are the best securities both of a good understanding with the world, and of the inward peace of our own minds.
Thomas A Kempis
#51. You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.
Warren Buffett
#52. How does it feel to watch the walls of your securities crumble?
Kurt Vonnegut
#53. The true secret of success in the investment and speculative world is not so much which good securities to buy, but rather which investments to avoid.
Morton Shulman
#54. The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.
Walter Bagehot
#55. When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934.
Gary Weiss
#56. The idea was to reinvent mortgages by bundling thousands of them together as the backing for new and alluring securities that could be sold as alternatives to traditional government and corporate bonds - in short, to convert mortgages into bonds.
Niall Ferguson
#57. Once I really got into securities fraud prosecutions, I came to realize how central they were to the maintenance of a free market and how, in many ways, they are far more important to the welfare of our society than many of the more sensational criminal cases that one hears about.
Jed S. Rakoff
#58. What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them.
Matt Taibbi
#59. My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.
Myron Scholes
#60. The security (emotional security, spiritual security, intrapersonal security) that you think being thin or lean will provide you is just an illusion. Leanness and weight-loss will not deliver these securities to you.
Scott Abel
#61. Change means traveling in uncharted waters and this causes our securities to rise.
John C. Maxwell
#62. Observation over many years has taught us that the chief losses to investors come from the purchase of low-quality securities at times of good business conditions. The purchasers view the good current earnings as equivalent to 'earning power' and assume that prosperity is equivalent to safety.
Benjamin Graham
#63. Well, we want to make sure there's not securities fraud.
Don Nickles
#64. Securities fraud generally and insider trading in particular should be eminently deterrable crimes.
Preet Bharara
#65. When the Securities & Exchange Commission settled securities-fraud charges against Richard Harriton, former chairman of the clearing subsidiary of Bear, Stearns & Co., there were smiles all around. The SEC was happy. Harriton was happy. Bear Stearns was happy.
Gary Weiss
#66. I've got a huge, huge position in mortgage-backed securities. I started accumulating them in 2009, when the market was really down and things were really scary.
Jeff Greene
#67. And to whom were these bundles of unrecognizably mashed-up mortgages ultimately sold? Quite often, to you and me. Our pension funds, municipalities, and money-market accounts were made up largely of these mortgage-backed securities.
Douglas Rushkoff
#68. We're going after the possibilities of tax fraud, insurance fraud, securities fraud. We're going to look at this stuff very closely. We have the jurisdiction, we have the resources, and we have the will.
Eric Schneiderman
#69. [A]lthough there are many arguments that strongly support the establishment of a national securities regulator in Canada, it is not entirely clear that the regulatory response to the ABCP meltdown is among them.
Paul Halpern
#70. One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
Abdul Aziz Al Ghurair
#71. Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.
Robert F. Engle
#72. Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty - such as in the fall of 2008 - drives securities prices to especially low levels, they often become less risky investments.
Seth Klarman
#73. The major driver of economics is the equilibrium approach, which has taken various forms over the years. General equilibrium is the statement that all the different parts of the economy influence each other, even if it's remote, like mortgage-backed securities and their demands on automobiles.
Kenneth Arrow
#74. Despite our policy of candor, we will discuss our activities in marketable securities only to the extent legally required. Good investment ideas are rare, valuable and subject to competitive appropriation just as good product or business acquisition ideas are.
Warren Buffett
#75. Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses.
David Ignatius
#76. 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
#77. Benefits are rarely made public in filings with the Securities and Exchange Commission, where companies must report the pay and options that their five highest-paid executives receive.
Alex Berenson
#78. THE time, it is to be hoped, is gone by when any defence would be necessary of the "liberty of the press" as one of the securities against corrupt or tyrannical government.
John Stuart Mill
#79. In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.
John Kenneth Galbraith
#80. I found that options traders - the Amex was mainly an options exchange - routinely conspired to keep as wide as possible the spreads between the prices investors paid and the prices floor traders paid for the same securities.
Gary Weiss
#81. The determining trait of the enterprising (or active, or aggressive) investor is his willingness to devote time and care to the selection of securities that are both sound and more attractive than the average.
Benjamin Graham
#82. In the United States, securities markets are much more developed than they are in Europe.
Robert C. Solomon
#83. 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
#84. Life is defined more by its contrasts than its samenesses; Life is defined more by its risks than the many securities.
Mary Anne Radmacher
#85. We certainly had an upheaval at the start of the Great Depression, and that resulted in a lot of financial reform, but it wasn't done in one stroke, and it wasn't done immediately. The Depression was in 1929 and resulted in the Securities and Exchange Act of '33, '34, '35, '37, '39, and '41.
Lloyd Blankfein
#86. Buying and selling securities on the Stock Exchange do not start new industries. Big business never starts anything new. It merely absorbs, consolidates and profits at the expense of others.
Franklin D. Roosevelt
#87. If nobody can sell mortgage-backed securities based on trillions of dollars of unpayable instruments, there's a lot less risk in the overall system.
Elizabeth Warren
#88. We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.
Warren Buffett
#89. Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting!
Douglas Rushkoff
#90. I keep my stuff updated all the time. Being in the security industry, I keep up to date with securities.
Kevin Mitnick
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