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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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"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."
"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."
"People need to stop accepting the evidence of reality, and start questioning it."
"Even the self-assured truth-finders and self-proclaimed freedom-fighters reject Truth. As admirable as such endeavors may be, they still only really want it so long as it to some extent confirms what they had already presumed to be true."
"There is no UFO and also there is no alien, at least not in common mind nor reference."
"Blind faith is not real religion my friend."
"The wrong approaches to faith and to skepticism are equally detrimental to the path. For the former declares its answers too soon and is later found false, the latter rejects sound answers altogether and hashes itself useless."
"For the modern world will accept no dogmas upon any authority; but it will accept any dogmas on no authority. Say that a thing is so, according to the Pope or the Bible, and it will be dismissed as a superstition without examination. But preface your remark merely with "they say" or "don't you know that?" or try (and fail) to rememver the name of some professor mentioned in some newspaper; and the keen rationalism of the modern mind will accept every word you say."
"A good many things go around in the dark besides Santa Claus."
"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'."
Explore more quotes by Arthur Levitt
"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."
"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."
"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 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."
"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."
"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."
"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."
"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."
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