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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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"To me, there is something superbly symbolic in the fact that an astronaut, sent up as assistant to a series of computers, found that he worked more accurately and more intelligently than they. Inside the capsule, man is still in charge."
"Computers are magnificent tools for the realization of our dreams, but no machine can replace the human spark of spirit, compassion, love, and understanding."
"After all, just one virus on a computer is one too many."
"Computing is not about computers any more. It is about living."
"Well, I had a lot of help from my father with the soldering and so on, and he was very good at math and was fascinated with computers, and so I was fortunate enough to have a bunch of exposure going all the way back to high school - this was in the 1960s."
"I actually built a tiny computer as a junior high school project."
"No computer, no gadget, no trickery. I am an animal, it is a plant. I will beat the weed!"
"Few companies that installed computers to reduce the employment of clerks have realized their expectations... They now need more, and more expensive clerks even though they call them 'operators' or 'programmers.'"
"So the thing I realized rather gradually - I must say starting about 20 years ago now that we know about computers and things - there's a possibility of a more general basis for rules to describe nature."
Explore more quotes by Arthur Levitt
"What must occur is a greater recognition by investors of their individual responsibility."
"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."
"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."
"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."
"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."
"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."
"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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