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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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"The word user is the word used by the computer professional when they mean idiot."
"Man is still the most extraordinary computer of all."
"Part of the inhumanity of the computer is that, once it is competently programmed and working smoothly, it is completely honest."
"There are allowable limits for radiation going - I mean there's radiation all around us. There's radiation from your television set. There's radiation from your computer. There's radiation actually occurring in the ground."
"Why is it drug addicts and computer afficionados are both called users?"
"But I said wait a minute, I'm going to get a computer, I can do this as well as anybody else. So I did some studying so I knew what kind of boards to get to put a PC together. But there was a guy sitting there with Apple. I said, 'what's that?' and he goes, 'Apple with 128k, it's all built into the box,' and I bought it. That was my first computer."
"Computers are magnificent tools for the realization of our dreams, but no machine can replace the human spark of spirit, compassion, love, and understanding."
"I've never had Internet access. Actually, I have looked at things on other people's computers as a bystander. A few times in my life I've opened email accounts, twice actually, but it's something I don't want in my life right now."
"At that point, which would be around February 2002, they came and they confiscated my computer, because, they said, they were suspecting that I was communicating with certain Senate members and taking this issue outside the Bureau."
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."
"Our role is to maintain and monitor a framework in which fair competition can flourish."
"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."
"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."
"I think we have got to start thinking about banding together in terms of interested groups."
"The tension between centrality, on the one hand, and competition, on the other, is probably the oldest of all market structure issues."
"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."
"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."
"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."
"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."
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