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"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."
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"There has never been an unexpectedly short debugging period in the history of computers."

"I started on an Apple II, which I had bought at the very end of 1978 for half of my annual income. I made $4,500 a year, and I spent half of it on the computer."

"I don't have a computer - I don't like to get into it that much 'cause it can screw with your head a little."

"In the course of my stay there, I also showed how one could analyse the experimental kinetic curves for the reaction of haemoglobin with carbon dioxide or oxygen by simulations in the computer, and so fit the rate constants."

"The word user is the word used by the computer professional when they mean idiot."

"There are no rules and regulations for perfect composition. If there were we would be able to put all the information into a computer and would come out with a masterpiece. We know that's impossible. You have to compose by the seat of your pants."
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."

"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."

"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."
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