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"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."
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"The salesman knows nothing of what he is selling save that he is charging a great deal too much for it."

"Actually, we got signed in November of 2000 with Dreamworks which is the most amazing label. We have friends on other labels and though we are not selling millions of records, yet, they treat us with tons of respect and give us some very good guidance."

"When in some communities selling drugs is so lucrative that that's a pretty big enticement that we have to break down. Part of that is by making opportunities and paying decent wages."
Explore more quotes by Arthur Levitt

"What must occur is a greater recognition by investors of their individual responsibility."

"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."

"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."

"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."

"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."

"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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