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"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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"Unlike sport in business the win-win is the best possible score."

"Where there is competition, one cannot attain (true) 'Knowledge'."

"Nothing frustrates people more than a cocky guy who's still winning."

"Nothing amuses people more than a cocky guy who starts losing."

"If you can cheat, so can I. I won't let you beat me unfairly - I'll beat you unfairly first."

"If you want to find the real competition, just look in the mirror. After awhile you'll see your rivals scrambling for second place."

"Rising amateurs always intimidate falling masters."

"Everything is a contest. All dealings among men are a contest in which some will succeed and others fail. And some are failing quite spectacularly."

"Hmm", Jason snapped his fingers. "I can call a friend for a ride.Percy raised his eyebrows. "Oh, yeah? Me too. Let's see whose friend gets here first."

"If you are a winner by the judgements of few judges and not by your performance, you are not a real winner."
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."

"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."

"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."
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