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"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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"Look, you know i don't wanna come on ungrateful, but that warren report, you know as well as me, just didn't make it. You know, like they might as well have asked some banana salesman from des moines, who was up in toronto on the big day, if he saw anyone around looking suspicious/..."
"Brand-new truths are probably not Truths."
"Round numbers are always false."
"Skepticism means not intellectual doubt alone but moral doubt."
"The ABC's success by Bob Proctor is one powerful book, such books are rare. Even sometimes it's hard to find a book which is based on somebody's experience... fantasy??For god sake, one drop truth which is about from 10% up to 20% and the other from 80% up to 90% it's a lie."
"The most preposterous notion that Homo sapiens has ever dreamed up is that the Lord God of Creation, Shaper and Ruler of all the Universes, wants the saccharine adoration of His creatures, can be swayed by their prayers, and becomes petulant if He does not receive this flattery. Yet this absurd fantasy, without a shred of evidence to bolster it, pays all the expenses of the oldest, largest, and least productive industry in all history."
"By nature, that mind is easily fooled by supernatural mysticism. It is extremely gullible. And no matter how much we the civilized human beings advance in the fields of modern sciences, there is always a part of us, that tries to allure us with magical nonsense, because that nonsense has been with us since the birth of humanity."
"Isaac Asimov's remark about the infantilism of pseudoscience is just as applicable to religion: 'Inspect every piece of pseudoscience and you will find a security blanket, a thumb to suck, a skirt to hold.' It is astonishing, moreover, how many people are unable to understand that 'X is comforting' does not imply 'X is true'."
"Just my luck, if I believed in luck. I only believe in the opposite of luck, whatever that is."
"People need to stop accepting the evidence of reality, and start questioning it."
Explore more quotes by Arthur Levitt
"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."
"What must occur is a greater recognition by investors of their individual responsibility."
"I think we have got to start thinking about banding together in terms of interested groups."
"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."
"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."
"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."
"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."
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