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"I think we have got to start thinking about banding together in terms of interested groups."
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"Be a critical thinker too sometimes. Look in to your heart and give your self permission to ask your mind and question the teachings that doesn't resonate with the wisdom of your soul."

"Today, if you are not confused, you are not thinking clearly."
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"What must occur is a greater recognition by investors of their individual responsibility."

"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."

"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."

"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."

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

"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."

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

"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."

"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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