Securities Quotes

Captain Elliot seems to have wholly disregarded the instructions which had been sent to him, and even when, by the entire success of the operations of the Fleet, he was in a condition to dictate his own terms, he seems to have agreed to very inadequate conditions. The amount of compensation for the opium surrendered falls short of the value of that opium, and nothing has been obtained for the expenses of the expedition, nor for the debts of the bankrupt Hong merchants. The securities which the plenipotentiaries were expressly ordered to obtain for British residents in China have been abandoned; and the Island of Chusan which they were specifically informed was to be retained till the whole of the pecuniary compensation should have been paid, has been hastily and discreditably evacuated.

Corporations are created by the people, acting through their governments. We grant them corporate charters that confer certain legal rights and privileges, like the ability to enter into contracts, limited liability and perpetual life.

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.

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.

The stock market is a discounter of all known information.

My only foray into anything stock-market-related was in my eighth grade social studies class. I have steered clear ever since.

I'm beginning to wonder about my broker. Yesterday I told him to buy a hundred shares of A.T.&T. He said, 'Would you spell that?'

Those greatly err who think that penalties are established only to punish crime. I hold that this is the least of the fruits which accrue there from to the state. For the greatest and the chief is the appeasing of the wrath of God, especially if the crime is directly against the majesty of God … strike awe into some by the punishment of others, to preserve some from being infected by others, to diminish the number of evil-doers, to make secure the life of the well-disposed

I've just done a commercial in the U.S. in which I talk about stocks, shares and bonds. Everyone is amazed. They ask me: 'You really know about that stuff or did you just learn it for the commercial?' I tell them I wouldn't do it unless I understood and had an interest.

Cannot the poor man's cattle, and horses, and corn be thus taken by the government when the public exigency requires it, and cannot the rich man's bonds and notes be in like manner taken to reach the same end? If the government enacts that the certificates of indebtedness which it gives the farmer for his cattle and provender shall be receivable by the farmer's creditors in payment of his bonds and notes, is it anything more than transferring the government loan from the hands of one man to the hands of another—perhaps far more able to advance it? Is it anything more than putting the securities of the capitalist on the same platform as the farmer's stock?

I view the [credit] ratings agencies as one of the key culprits. They were the party that performed the alchemy that converted the securities from F-rated to A-rated. The banks could not have done what they did without the complicity of the ratings agencies.

The stock market is the world’s largest Oujie Board.

Debt is the lifeblood of finance; with the rise of the securities-and-trading portion of the [financial] industry came a rise in all kinds [of debt], both public and private.

The war years had taken their toll. A postwar depression created widespread suffering. States had acquired hefty debts, which caused legislatures to increase taxes to levels far higher, sometimes three to four times higher, than before the war. Most of these tax dollars ended up in the hands of speculators in state government securities that had been sold to cover war expenses. Many soldiers were forced to sell their scrip and land bounties to speculators at a fracture of the value. Wealth was being transferred upward, from the tattered pockets of poor farmers and soldiers to the bulging purses of a nouveau riche of wartime speculators and creditors—a new class of “moneyed men.”

I decided I was going to go to Wall Street, and I was introduced to some people... I met a guy who knew a bond trader at Pressprich, and he got me to meet him and the guy that ran their sales department, Jack Collin.

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.

I never bought a stock in my life. I don't understand it. To me it is like Chinese.

You go public because you want access to capital in the form of debt and equity.

In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.

However, if one has been playing the buy-and-hold game with quality securities, one has been exposed to a substantial amount of market risk because the valuations placed on these securities have implied overly rosy scenarios prone to popular revision in times of more realistic expectation. This is one of those times, but it is my feeling that the revisions have not been severe enough, the expectations not yet realistic enough. Hence, the world's best companies largely remain overpriced in the marketplace.

What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast.

Employees did not only have their money in their 401k’s. They had their lives in those 401k’s ... today most people have most of their money in public stocks ... and the government regulates very little of this.

Some, but much of my money is tied up in Playboy stock.

On the New York Stock Exchange, all buy and sell orders are routed through a single 'specialist,' guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient.

Every quarter, we need to see the portfolio and follow the accounting practice of mark-to-market that values investments according to the prevailing market prices and at the price at which they are made.